US chipmaker Intel has settled an antitrust lawsuit filed against it by the US Federal Trade Commission (FTC). Charges that Intel had "illegally stifled competition" have been resolved, the FTC said. Intel had been accused of "a systematic campaign to shut out rivals's competing microchips by cutting off their access to the marketplace". Intel is the world's largest chipmaker, making 80% of the microprocessors for the world's personal computers. There were no details on any money changing hands as a result of the settlement. Intel had been accused of bullying computer makers into avoiding rivals' chips. The practice was said to be harmful to consumers.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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