IT Hardware Company Intel Corp (Intel) is paying Silicon Valley rival Advanced Micro Devices (AMD) Inc. $1.25 billion to squash a legal battle over Intel’s sales tactics on Hardware sales, a rift that led to antitrust charges against IT Company Intel in several countries and was headed toward a costly and nasty trial next year.
The biggest case is in Europe, where regulators have fined IT Company Intel a record $1.45 billion over what they described as Intel’s illegal tactics to bully IT Service PC makers into choosing Intel chips over AMD’s. EU spokesman Jonathan Todd said that the European Commission “takes note” of Intel’s settlement with AMD but that it does not change Intel’s duty to comply with European antitrust law.
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