NVIDIA CEO: FTC Action “Transforms” the Computer Industry |
Jen Hsun Huang
NVIDIA CEO Jen Hsun Huang has recently issued an internal memo to employees, calling the legal action by the Federal Trade Commission (FTC) an event that could potentially “transform the computer industry”. The memo follows:
Intel Responds to FTC Suit |
In response to the lawsuit filed by the U.S. Federal Trade Commission (FTC), Intel issues the following statement, stating the company has been competing fairly and lawfully.
“Intel has competed fairly and lawfully. Its actions have benefitted consumers. The highly competitive microprocessor industry, of which Intel is a key part, has kept innovation robust and prices declining at a faster rate than any other industry. 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.”
Intel Faces FTC Antitrust Suit |
Having just settled the legal disputes with AMD at the price of $1.25 billion, Intel has got another problem now. The U.S. Federal Trade Commission launched an antitrust suit against Intel on Wednesday, claiming that Intel tried to block “superior” products by rivals and deprived consumers of choice and innovation for 10 years.
