Tech Firms Prepare For Battle In D.C.
Computer chip giant Intel and rival AMD have a long history of bitter legal battles and appear to be restocking their arsenals for a showdown in Washington, according to an article in the latest issue of National Journal magazine. Both have ramped up their lobbying and advertising budgets as Congress moves forward on issues that mean a great deal to them: competition, innovation, tax, and trade. Meanwhile, the Federal Trade Commission, after several years of scrutiny, recently opened a formal probe of Intel for anticompetitive practices. At the Justice Department, new Assistant Attorney General Christine Varney vowed to reinvigorate antitrust enforcement in the Obama administration. On the heels of regulatory actions against Intel in the European Union, Japan, and South Korea; the FTC probe and the Justice announcement have helped AMD position itself as David to Intel's Goliath. Read the full story here (subscription required).
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Lobbying
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