Responding to an antitrust lawsuit filed by a rival computer chip maker, Intel Corp. on Thursday denied its business practices broke any laws and dismissed the claims as "factually incorrect and contradictory."
In a 60-page response to the suit filed by Advanced Micro Devices Inc., Intel said its rival is smaller because of the way it handles its business - not from any wrongdoing by the world's largest semiconductor company.
"AMD has made its own business decisions and choices that have determined its position in the marketplace," Intel General Counsel Bruce Sewell was quoted as saying by Forbes. "AMD seeks to instead blame Intel for the many business failures AMD has experienced."
An AMD spokesman did not immediately return a call seeking comment.
Intel filed its official response late Thursday with the U.S. District Court in Delaware, where AMD initiated its suit on June 27. The far-reaching case, involving PC makers around the world, is expected to take years to litigate, Forbes reports.
In its lawsuit, AMD claims its business has been harmed because of Intel's practice of offering rebates, discounts and other incentives to convince PC makers around the world to use Intel, rather than AMD, chips.
Currently, Intel chips that power Windows operating system-based computers make up about 80 percent of worldwide market by unit and 90 percent by revenue. In the suit, AMD claims Intel's behavior has kept its share low even though its chips are superior. The response was filed after the close of markets. Earlier, shares of Intel closed at $25.26, down 46 cents, in trading on the Nasdaq Stock Market. Shares of AMD gained 11 cents, to $20.88, on the New York Stock Exchange.