Intel Corp., the world's largest semiconductor maker, will not be subjected to an antitrust investigation by the Federal Trade Commission. Citing government officials and lawyers involved with the proceeding, The New York Times reported Monday that the FTC, which has been conducting an informal review of complaints from rival Advanced Micro Devices for over a year, has rejected requests to open a formal probe of the chip giant that would give the agency authority to issue subpoenas and compel testimony. The competition battle between AMD and Intel is one of the largest antitrust issues facing regulators, according to the Times. Authorities in Korea and the European Commission recently have accused Intel, which controls 80%-90% of the microchip market, of antitrust violations involving the offer of large discounts to purchasers for not using AMD products, similar to accusations lodged two years ago by Japan, the Times said. A trial regarding an AMD lawsuit filed against Intel is scheduled to begin in Spring 2009.
Commentary: Strong Earnings Give Intel an Edge Over AMD • AMD Carves Out Some Territory In Core Wars
Stocks to watch: INTC. Competitors: AMD, TXN. ETFs: SMH, IGW, PSI
Earnings call transcript: Intel Q3 2007 Earnings Call
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