Home » NEWS » Intel talking to FTC about settling antitrust case

Intel talking to FTC about settling antitrust case

SANTA CLARA, Calif. — Intel says it is in talks with the Federal Trade Commission over settling an antitrust case against the chip maker.

In December, the FTC filed charges against Intel Corp., accusing it of practicing illegal sales tactics that have hampered competitors and kept prices for computer chips artificially high.

This week, the FTC and Intel agreed to suspend administrative trial proceedings as they work on hashing out a settlement.

The FTC has said it seeks to change Intel’s behavior instead of fines, as the European Union and South Korea have imposed.

The New York Attorney General’s office is also investigating Intel.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*