REUTERS - Intel Corp agreed to pay just $6.5 million to resolve an antitrust lawsuit in which New York's attorney general accused the world's largest chipmaker of threatening computer makers and paying billions of dollars of kickbacks to maintain its market dominance.
The settlement ends a November 2009 Delaware case brought by Andrew Cuomo, then New York's attorney general and now governor. Eric Schneiderman, the current attorney general, took over the case when he succeeded Cuomo in that position.
Intel's $6.5 million payment represents less than five hours of profit for the Santa Clara, California-based company, based on reported net income of $12.94 billion for 2011.
Cuomo had accused Intel of violating state and federal antitrust law through a "systematic worldwide campaign" to bully customers into buying its personal computer chips, at the expense of rival Advanced Micro Devices Inc
