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Updated Saturday, February 11, 2012 0:03 am TWN, AFP

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Intel agrees to pay US$6.5 million to end anti-trust suit in New York

NEW YORK -- Intel said Thursday it has agreed to pay US$6.5 million as part of an agreement ending an antitrust suit brought against the U.S. 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 U.S. and European regulators, also said the agreement “calls for no changes to the way Intel does business.”

Intel said the payment of US$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 favor 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.

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