FTC Buys More Time for Intel Antitrust Settlement
FTC Buys More Time for Intel Antitrust Settlement
Posted 07/22/2010 at 11:21pm
| by Pulkit Chandna
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The Federal Trade Commission (FTC) has extended its deadline for settling an antitrust lawsuit against Intel. The deadline, which was due to expire on Friday, has been extended by a fortnight. The two parties now have until 12:01 a.m. on Friday, August 6 to reach a settlement through ongoing parleys.
FTC filed an antitrust lawsuit against Intel back in December, 2009, saying that the chip maker “engaged in a deliberate campaign to hamstring competitive threats to its monopoly.” It also alleged that the company influenced PC manufacturers by adopting a carrot-and-stick policy.
The concerned suit was filed just about a month after Intel agreed to settle all its antitrust and patent cross-licensing disputes with rival AMD. The settlement cost the Santa Clara chip maker a whopping $1.25 billion.
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