Intel has officially responded an antitrust lawsuit filed by the US Federal Trade Commission yesterday, accusing regulators of basing the case on claims which the FTC failed to properly investigate.
"The FTC’s case is misguided. It is based largely on claims that the FTC added at the last minute and has not investigated. In addition, it is explicitly not based on existing law but is instead intended to make new rules for regulating business conduct. These new rules would harm consumers by reducing innovation and raising prices," said Intel in a statement.
Intel Senior VP and General Counsel Doug Melamed believes that the case could and should have been settled. "Settlement talks had progressed very far but stalled when the FTC insisted on unprecedented remedies – including the restrictions on lawful price competition and enforcement of intellectual property rights set forth in the complaint -- that would make it impossible for Intel to conduct business," said Melamed.
Melamed claims the FTC rushed to file the case and that its misguided decision to do so will cost US taxpayers millions of dollars in litigation costs.
Nvidia backs FTC action against Intel