Intel's business practices restricted under antitrust settlement with FTC

Capping a decade-long push by the federal government to check the power of this country's biggest tech companies, the Federal Trade Commission is banning Intel from a slew of practices deemed unfair and deceptive as part of an antitrust settlement over charges that the firm exploited its dominance in the chip market to elbow out competitors.

The FTC doesn't have the authority to fine the company -- unless it violates the terms of the settlement -- but the agency outlined a deal Wednesday restricting Intel's business practices in ways that go further than past cases in which the firm has been accused of not playing fair with rivals. Officials said the deal would benefit consumers buying computers by increasing competition in the chipmaking business

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- Posted: 2010-08-04 20:46:50

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