Intel avoids fine as settles case over stifling rivals

INTEL has agreed to stop using threats and unfair discounts to block its rivals, resolving a costly, high-profile legal battle over accusations it illegally smothered competition for over a decade.

The world’s largest chip maker – which managed to settle the US Federal Trade Commission (FTC) complaint without paying a cent – also pledged to grant rivals access to its leading processor technology for six years.

The deal bars Intel from retaliating against computer makers if they do business with non-Intel suppliers. “It’s a landmark settlement that really will have a striking effect on improving competition in the market,” said David Balto, a former FTC policy director.

Intel has been under attack from rivals for years over its aggressive pricing and sales tactics.