Chip giant faces showdown with Federal Trade Commission
Shaun Nichols in California, vnunet.com09 Jun 2008
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The US Federal Trade Commission is pushing forward with an antitrust case
against Intel.
The chipmaker revealed on Friday that it had received a subpoena from the FTC
and would be cooperating fully with the investigation.
Intel issued a statement denying any wrongdoing, and insisting that there is
"compelling evidence that this industry is fiercely competitive".
"For example, prices for microprocessors declined by 42.4 per cent from 2000
to the end of 2007," the firm said.
The FTC has been investigating Intel since 2006 when AMD filed a complaint
accusing Intel of illegally making deals with PC vendors to use Intel chips
exclusively.
AMD has also filed complaints and pushed for antitrust cases against Intel
with regulatory bodies in Korea and the European Union.
Intel contends that its lead in the marketplace comes not from backroom
deals, but from superior products and business practices.
"When competitors perform and execute the market rewards them," the company
said. "When they falter and under-perform the market responds accordingly."
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