Federal Trade Commission

FTC Sues Intel in Antitrust Action as EU Settles With Microsoft

The U.S. Federal Trade Commission sued Intel Corp. (Nasdaq: INTC) yesterday (Wednesday) accusing the world's leading computer chipmaker of illegally using pricing deals and other tactics "to stifle competition and strengthen its monopoly."

The complaint says Intel tried to block "superior" products by rivals and deprived consumers of choice and innovation for 10 years.

"Intel has engaged in a deliberate campaign to hamstring competitive threats to its monopoly," said Richard A. Feinstein, the FTC's director of competition.

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