Intel pays up to shut down anti-trust lawsuit

Intel has agreed to pay $6.5 million (NZ$7.8m) as part of an agreement ending an antitrust suit brought against the US computer chip giant by the New York state attorney general.

Intel said the agreement terminating the suit brought in 2009 "expressly states that Intel does not admit either any violation of law or that the allegations in the complaint are true."

The Santa Clara, California-based company, which has been the subject of antitrust investigations by both US and European regulators, also said the agreement "calls for no changes to the way Intel does business."

Intel said the payment of $6.5 million "is intended only to cover some of the costs incurred by the New York Attorney General in the litigation."

"Following recent court rulings in Intel's favour that significantly and appropriately narrowed the scope of this case, we were able to reach an agreement with New York to bring to an end what remained of the case," Intel general counsel Doug Melamed said in a statement.

"We have always said that Intel's business practices are lawful, pro-competitive and beneficial to consumers, and we are pleased this matter has been resolved," Melamed said.

- AFP

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