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October 12, 2008 7:32:15 AM CDT

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FTC Opens Antitrust Investigation of Intel

Posted Jun 6, 08 2:47 PM CDT in Technology,  Business 

(Newser) – The FTC has opened a formal investigation of Intel over allegations of monopolistic business practices, the Wall Street Journal reports. The world's biggest semiconductor company, which denies any wrongdoing, received a subpoena this week. Intel also learned that it faces a $25.4 million antitrust fine from South Korea, even as it prepares to fight competitor AMD’s private antitrust lawsuit in Delaware’s District Court.

Detractors claim that Intel attempts to starve out competitors by giving unfairly large rebates to large-volume customers. Intel reps say the rebates they give are nothing more than common wholesale bargains. They cite a 42% decline in chip prices in the last 8 years as evidence that the market is healthy.

Source Wall Street Journal

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Advanced Micro Devices Inc. CEO Hector Ruiz talks during his keynote at Oracle Open World conference in San Francisco in this Nov. 12, 2007, file photo.   (AP Photo/Paul Sakuma, file)
In this April 14, 2008, file photo, an Intel sign is shown in front of Intel Corp. headquarters in Santa Clara, Calif.   (AP Photo/Paul Sakuma, file)
A South Korean pedestrian walks past near Intel banners at electronic shop in Seoul, South Korea, Thursday, June 5, 2008.   (AP Photo)
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South Korea  • Intel  • antitrust  • competition  • microprocessors  • monopoly  • Advanced Micro Devices  • monopolistic practices


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