Don't miss

Replay


LATEST SHOWS

FRANCE IN FOCUS

French presidential election: Over 40% remain undecided

Read more

EYE ON AFRICA

ICC orders Congo warlord germain Katanga to pay victims

Read more

MEDIAWATCH

Trumpcare Falls Before First Hurdle

Read more

THE WORLD THIS WEEK

Westminster Attack, Abadi in Washington (part 1)

Read more

THE WORLD THIS WEEK

Obamacare, Europe's Unholy Alliances, Martin McGuinness (part 2)

Read more

INSIDE THE AMERICAS

Export bans hit Brazil amid tainted meat scandal

Read more

#TECH 24

Inside Netflix's war room

Read more

FOCUS

French Catholic voters remain faithful to scandal-hit Fillon

Read more

PEOPLE & PROFIT

Growing ambitions: The forces driving India's economy

Read more

Business

New York goes after Intel for illegal conduct

Text by News Wires

Latest update : 2009-11-04

New York's attorney general has filed an antitrust lawsuit against top world computer chip maker Intel for using "bribery and coercion" to dominate the market. The US giant was already hit with a record fine by EU authorities in May.

AFP - New York Attorney General Andrew Cuomo filed an antitrust lawsuit against Intel Corp. on Wednesday alleging the US computer chip giant engaged in a "worldwide, systematic campaign of illegal conduct."
  
"Rather than compete fairly, Intel used bribery and coercion to maintain a stranglehold on the market," Cuomo said in a statement.
  
"Intel's actions not only unfairly restricted potential competitors, but also hurt average consumers who were robbed of better products and lower prices," he said.
  
"These illegal tactics must stop and competition must be restored to this vital marketplace," Cuomo said.
  
The statement said the suit charges that "Intel violated state and federal anti-monopoly laws by engaging in a worldwide, systematic campaign of illegal conduct -- revealed in e-mails -- in order to maintain its monopoly power and prices in the market for microprocessors."
  
European Union antitrust regulators fined Intel a record 1.06 billion euros (1.45 billion dollars) in May, claiming the company abused its stranglehold on the semiconductor market to crush its main rival, Advanced Micro Devices (AMD).

Date created : 2009-11-04

COMMENT(S)