LONDON Intel Corp. expects to prevail in the European Commission's antitrust investigation into how the company conducts business in European Union member countries, according to a Reuters report that quotes Craig Barrett, the chip maker’s chairman and former CEO.
Barrett defended his company’s position at a business forum Tuesday (March 28), according to the wire service report. The European Commission would say only that it is still working on the case.
EU officials raided Intel in July as part of a years-long probe into whether the company has abused its dominant position. Intel is also being investigated in South Korea and has been warned by Japan against stifling competition in the microprocessor sector.
"We are fully cooperating with the investigation. We don't think we've done anything wrong. We are quite confident that our business practices are quite legal," Barrett told reporters, declining to comment further, according to the wire service report.
The European Union's top antitrust body had begun its probe about five years ago, but the case lay dormant until AMD pressured the commission to make a move. AMD alleged to competition authorities around the world that Intel had maintained a 90 percent market share of microprocessors for personal computers through threats and kickbacks such as unfair rebates.