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December 16, 2009 / Raffy Pekson II

FTC May Launch Antitrust Suit Against Intel

The U.S. Federal Trade Commission today accused Intel (INTC), the world’s leading computer chipmaker, of illegally using its dominant market position for a decade “to stifle competition and strengthen its monopoly.”

The complaint, which will be heard by an FTC administrative law judge, says Intel tried to block “superior” products by rivals and deprived consumers of choice and innovation for 10 years. Intel has been “running roughshod” over principles of fair play, the FTC charged. A hearing in the case could be held next September, the FTC said.

Read more at Business Week


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