Intel’s alleged anticompetitive dealings might not cost it another fine or further legal action—at least not in the United States. The chipmaker announced late yesterday afternoon that it’s working on a settlement with the U.S. Federal Trade Commission.
Here’s the press release in full (yes, it’s one of those short and sweet ones):
Lawyers for the Federal Trade Commission (FTC) and Intel Corporation today filed a joint motion to suspend administrative trial proceedings while the parties consider potential settlement of the case originally filed by the FTC on Dec. 16, 2009. The motion opens a window through July 22, 2010, during which time the parties will review and discuss a proposed consent order. The terms of the proposed consent order are confidential and Intel will make no additional public comment on the matter at this time.
Those alleged antitrust shenanigans have already cost Intel quite a bit of money: first around $1.44 billion from the European Commission, then $1.25 billion as a settlement to AMD. Now that AMD and Intel have effectively kissed and made up, however, the FTC might have a harder time building a strong case against Intel.