Summary
Advanced Micro Devices, Inc. (AMD) announced on June 27, 2005, that it has filed an antitrust complaint against Intel Corporation. This significant legal action was initiated in the U.S. federal district court for the district of Delaware. The complaint alleges violations of antitrust laws, specifically referencing Section 2 of the Sherman Antitrust Act, Sections 4 and 16 of the Clayton Act, and the California Business and Professions Code. AMD is seeking both injunctive relief to halt alleged anticompetitive practices and monetary damages from Intel. This development is a major strategic move by AMD in its ongoing competition with Intel in the semiconductor market.
Key Highlights
- 1AMD has filed an antitrust lawsuit against competitor Intel Corporation.
- 2The lawsuit was filed in the U.S. federal district court for the district of Delaware.
- 3The complaint alleges violations of the Sherman Antitrust Act and the Clayton Act.
- 4AMD is also citing violations of the California Business and Professions Code.
- 5The company is seeking injunctive relief to stop alleged anticompetitive actions.
- 6AMD is also seeking monetary damages from Intel.