FTC Escalates Intel Investigation

June 6, 2008
According to published reports, Intel Corp. has been subpoenaed by the Federal Trade Commission.
This is regarded as the first step in escalating an informal inquiry to a formal antitrust investigation into its business practices.
Intel has apparently been working with the FTC on an informal inquiry since 2006.
Intel said so far it has provided "thousands of documents" to the FTC, and added that the subpoena will provide for documents from other sources.
Intel’s formal statement regarding the subpoena can be read here.
In the statement, Intel points out that, "The evidence that this industry is fiercely competitive and working is compelling," and indicated a 42 percent drop in microprocessor prices from 2000 to the end 2007.

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