Intel slams FTC anti-trust suit as ‘misguided’
The world’s largest chipmaker Intel has publicly hit out against anti-trust suits launched by the US government in 2009.
Intel has hit back against the anti-trust suits brought against the company late last year.
The two cases launched by the Federal Trade Commission (FTC) and the State of New York accused the chip giant of using its market dominance to stifle competition in the market but Intel has claimed they don't understand how the industry works.
In a public redacted response signed at the end of December, Intel said: "The Complaint paints a picture of competition for microprocessors and graphics products that bears little resemblance to reality."
"Competition in these sectors has been robust during the period covered by the Complaint, producing greater consumer benefits than any other sector of the economy."
Later in the document the world's largest chipmaker also claims that the FTC had added last minute claims to the case which it had not fully investigated.
After listing all the paragraphs of the complaint it denies, Intel concluded that "the relief sought in the Complaint is not in the public interest because it would, among other things, harm competition, injure consumers, interfere with valid contracts, and abrogate valid intellectual property rights."
This is not the first anti-trust suit to be brought against the Intel with it receiving a record fine of 1 billion (0.89 billion) from the European Union back in May 2009 after similar accusations.
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