NEW YORK — The office of New York Attorney General Andrew Cuomo said it launched a formal investigation into Intel Corp to determine whether the world’s biggest chipmaker violated state and U.S. antitrust laws to squeeze out its rival, Applied Micro Devices.
Cuomo said his office on Thursday served a wide-ranging subpoena seeking documents and information on Intel. Cuomo said a preliminary probe had raised questions about whether Intel had coerced customers to exclude main rival AMD from the worldwide market for computer processing units.
“Our investigation is focused on determining whether Intel has improperly used monopoly power to exclude competitors or stifle innovation,” Cuomo said in a statement. “We will also look at whether Intel abused its power to remove competitive threats or harm competition in violation of New York and federal antitrust laws.”