AMD Supports Korean Fair Trade Commission Dawn Raids As Part Of Investigation Into Possible Intel Antitrust Violations

AMD Supports Korean Fair Trade Commission Dawn Raids As Part Of Investigation Into Possible Intel Antitrust Violations

AMD (NYSE: AMD) released the following statement today regarding the Korean Fair Trade Commission’s (KFTC) dawn raids as part of their investigation into possible violations by Intel Corporation of that country’s Monopoly Regulation and Fair Trade Act: “The dawn raids in Korea make it abundantly clear that competition authorities worldwide are intensifying their investigative efforts into Intel’s anticompetitive business practices because they have good reason to believe evidence of illegal monopoly abuse is there to be found,” said Thomas M. McCoy, AMD executive vice president, legal affairs and chief administrative officer. “Similar dawn raids conducted by competition authorities in Japan revealed evidence of illegal business practices that violated that country’s Antimonopoly Act.

The JFTC ruled that Intel conditioned deals with Japanese PC OEMs based on excluding competition. Last year, the European Commission also conducted dawn raids across Europe to gather evidence of Intel monopoly abuse within the European Union. How many raids in how many countries need to happen before Intel accepts responsibility for its anticompetitive actions and ceases its unlawful business practices?”

The KFTC’s dawn raids are part of an investigation into Intel’s business dealings with four South Korean PC makers. AMD continues to believe – as specified in its private U.S. antitrust complaint filed on June 27, 2005 in U.S. federal court in Delaware – that PC manufacturers worldwide are victims of Intel’s monopoly power. The dawn raids in Korea take place against a backdrop of increasing scrutiny of Intel’s business practices.

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