President of the Association for Competitive Technology, Jonathan Zuck, issued the following statement on the Intel-FTC settlement announced today. This agreement brings to a close the Commission’s case against Intel regarding alleged anti-competitive trade practices. As part of the settlement, Intel agreed to modify its rebate program and licensing agreements. [...]
As most readers know by now, the Federal Trade Commission ignored the pleas of ACT and 37 member companies for caution, and filed a lawsuit against Intel yesterday charging that the company has abused its dominant position in the computer chip market. What you may have missed yesterday, however, is the rather ironically timed announcement from the Obama administration that it is launching new policies to spur more manufacturing it the United States.