Intel (NASDAQ: INTC) Spent $877K in Lobbying in 2Q

Intel Corp. (NASDAQ: INTC) spent $877,000 on lobbying in the second quarter, according to recent disclosure forms.

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Intel, the world's No. 1 computer microprocessor maker, increased its lobbying expenses significantly, spending nearly five times as much in the latest period as much-smaller rival, Advanced Micro Devices Inc. (NYSE: AMD).

A portion of both companies' lobbying went to antitrust issues, an area that intensely interests them because AMD's allegations of antitrust abuses by Intel have been gaining traction, according to Associated Press.

The Federal Trade Commission is investigating AMD's allegations, and the European Union has already fined Intel a record $1.45 billion for allegedly selling some chips below cost and paying retailers and computer makers not to use AMD chips. Intel denies the charges and is appealing the ruling. Intel top lawyer, Bruce Sewell, has called fighting the EU charges an "uphill battle."

Intel says only a small portion of its lobbying dollars go toward antitrust issues. The company said the majority of its lobbying is focused on other issues, including education and health care, national funding for scientific research, immigration, tax matters and energy issues.

Intel's lobbying-disclosure form was filed with the House clerk's office on July 20. It shows the company's expenses for lobbying Congress and various government agencies in the April-June period.

In the first quarter, the company spent $882,000 on lobbying. In the second quarter of last year, Intel spent $500,000.

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