Intel subpoenaed by FTC over CPU business practices

Intel logoThough the US Federal Trade Commission has yet to issue a statement as of 1:30 pm EDT, Intel has acknowledged it has received a subpoena from the FTC, effectively formalizing its inquiry into Intel's US business practices in the CPU market. Intel received the subpoena on Wednesday, the company said. The subject of that subpoena is not likely to be related to a small fine issued Wednesday by the Korean Fair Trade Commission, as that matter was related to rebates the company gave Korean customers.

Not surprisingly, AMD executive vice president Tom McCoy -- whose company has prompted much of this investigation -- released a statement minutes ago: "Intel must now answer to the Federal Trade Commission, which is the appropriate way to determine the impact of Intel practices on US consumers and technology businesses. In every country around the world where Intel's business practices have been investigated, including the decision by South Korea this week, antitrust regulators have taken action."

Last October, Intel acknowledged sharing with the FTC several sets of internal documents, by way of an official denial of reports that the FTC had actually subpoenaed that information. At that time, Intel spokesperson Chuck Mulloy told us his company regularly shares requested information with the Commission, as well as volunteers information it may not even know it needs yet. But Wednesday's subpoena, and Intel's response to it, indicates there was something that was heretofore unshared.

The precise subject matter of what the FTC is seeking has never been publicly stated, and may not be until the FTC issues a statement of its own. That could come later today.

Both Intel and AMD stock took a hit on today's news, on top of bad economic news, dropping in value 3% and 2%, respectively, by 1:30 this afternoon.

Source: BetaNews

Tags: AMD, Intel

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Is this an error or it is really happening?
 
 
The proposed topic and architecture was originally presented to the JPEG Committee in 2016
 
 
The rest of the specs as seen on Geekbench include 8GB of RAM
 
Samsung is likely to be made official in February at next year's Mobile World Congress in Barcelona
 
Lumia 950 XL shown running Windows 10 on ARM
 
The company has studied such an option in the past
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
  12345
6789101112
13141516171819
20212223242526
2728293031  




Poll

Do you use microSD card with your phone?
or leave your own version in comments (10)