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FTC to file complaint against Intel
Reported by Sub on Monday, October 26 2009 6:09 pm
Intel has once again found themselves in trouble with Antitrust authorities. Following closely after Intel's unprecedented $1.45 billion fine by the EU, it is the United States Federal Trade Commission (FTC) who are set to file an official complaint.Intel responded by saying "Our business practices are lawful and (work) to the benefit of consumers."Nevertheless, Intel has already been fined by three major trade authorities - Japan, South Korea and EU - for anti-competitive practices. More next page.
Intel has once again found themselves in trouble with Antitrust
authorities. Following closely after Intel's unprecedented $1.45 billion
fine by the EU, it is the United States Federal Trade Commission (FTC)
who are set to file an official complaint.
Intel responded by saying "Our business practices are lawful and (work) to the benefit of consumers."
Nevertheless, Intel has already been fined by three major trade authorities - Japan, South Korea and EU - for anti-competitive practices.
This is not the first time FTC have objected to Intel's practices. In 1999, FTC and Intel settled charges successfully. FTC once again launched an investigation in June 2008, and are finally close to another formal complaint. In addition to the authorities, Intel faces a lawsuit from AMD, who have been most affected by Intel's anti-competitive practices. The lawsuit is yet to go to trial.
The complaint is set to be voted on "in a matter of weeks or a matter of months".
Reference: V3
Intel responded by saying "Our business practices are lawful and (work) to the benefit of consumers."
Nevertheless, Intel has already been fined by three major trade authorities - Japan, South Korea and EU - for anti-competitive practices.
This is not the first time FTC have objected to Intel's practices. In 1999, FTC and Intel settled charges successfully. FTC once again launched an investigation in June 2008, and are finally close to another formal complaint. In addition to the authorities, Intel faces a lawsuit from AMD, who have been most affected by Intel's anti-competitive practices. The lawsuit is yet to go to trial.
The complaint is set to be voted on "in a matter of weeks or a matter of months".
Reference: V3
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