The Federal Trade Commission and Intel Corp. have extended their deadline to settle agency charges that the chip maker used its dominant position to illegally stifle competition.
On June 21, the FTC temporarily withdrew its administrative case against Intel pending settlement talks, but the order was set to expire on Friday, July 23 at 12:01 a.m. Today's action extends the withdrawal until 12:01 a.m. on Friday, August 6.
The FTC sued Intel in December under Section 5 of the FTC Act. The agency alleged that Intel used illegal threats and rewards to coerce the world's biggest computer makers to not buy chips made by rivals, and secretly redesigned key software, known as a compiler, to stunt the performance of competitors' CPU chips.
At least seven competitors have been dragged into the fray -- Microsoft, Oracle, Hewlett-Packard, Via Technologies, Lenovo, Acer and Gateway have all been hit with subpoenas for documents either by the FTC, Intel, or both.
Intel is represented by lawyers from Wilmer Cutler Pickering Hale and Dorr; Gibson, Dunn & Crutcher; Howrey; and Bingham McCutchen