The FTCs lawsuit contains the most wide-ranging allegations yet against the worlds largest chip maker, which is also fighting a record $1.45 billion antitrust fine in Europe and separate cases in South Korea and New York state.
It comes despite Intel having recently settled similar complaints brought by rival Advanced Micro Devices Inc., whose lobbying of [...]
The settlement announced Thursday sent AMD stock soaring and ended a 4-year-old lawsuit in which AMD accused Intel of abusing its dominance of the chip market to keep a lid on AMDs share. Intel has about 80 percent of the microprocessor market, and AMD has about 20 percent.
According to the lawsuit, Intel penalized computer makers [...]
In filing a federal antitrust lawsuit, Attorney General Andrew Cuomo accused Intel of using its market prowess to “rule with an iron fist.”
Intels chips act as the “brains” of 80 percent of the worlds personal computers. Cuomo said Intel paid billions of dollars in kickbacks to computer manufacturers and retaliated against those that did too [...]
“We are not aware of any allegation of criminal misconduct on the part of any current or former AMD employees, nor have any current or former AMD employees been charged with a crime,” AMD said in a statement Tuesday. A spokesman for the Sunnyvale, Calif.-based company declined to comment further.
Citing an unnamed person [...]
An unnamed “AMD executive” was cited in a complaint filed against Danielle Chiesi, who is accused of using material nonpublic information to trade stocks. The person identifying Ruiz as the executive asked to remain anonymous because those details of the case arent public. Ruiz stepped down as CEO last year and then became chairman of [...]
Ruiz, 63, is the Advanced Micro Devices Inc. executive government prosecutors say provided nonpublic information to Danielle Chiesi, who is alleged to be part of the Galleon insider-trading ring, a person familiar with the matter said yesterday.
An engineer with masters and [...]
On Oct. 16, Moffat had his own day in history when he was arrested in what federal prosecutors are calling the biggest insider-trading scheme involving hedge funds. The 53-year-old executive is accused of leaking information about the earnings of IBM and Sun Microsystems Inc. and a restructuring of Advanced Micro Devices Inc. to Danielle Chiesi, [...]
With an investment of as much as $6 billion from the Abu Dhabi government, the newly formed company will have more negotiating muscle with equipment suppliers, Grose said in an interview. The company has two plants in Germany and is building another factory in Saratoga County, New York.
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