NEW YORK (AP) — Intel Corp. will pay $1.25 billion to Advanced Micro Devices Inc., its largest rival in the computer processors market, to settle all antitrust and patent suits, the companies announced on Nov. 12. Intel said it has agreed to abide by a set of “business practice provisions.” In return, AMD will drop suits in the United States and Japan, and withdraw complaints to antitrust regulators worldwide.
AMD has been complaining to regulators for five years that Intel has broken antitrust laws to limit AMD’s market share. In May, the European Union fined Intel a record $1.45 billion, and last year, Korea’s Fair Trade Commission fined Intel $18.6 million. Intel is appealing both rulings. The U.S. Federal Trade Commission also is investigating.
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