FTC investigating Intel purchase of C&T

The U.S. Federal Trade Commission is looking into Intel's purchase of rival processor maker Chips & Technologies. Intel announced its intention to purchase C&T for $420 million in July. Officials at C&T have confirmed that the FTC has asked Intel to supply further information.

"Intel is reviewing the request and is not yet in a position to determine the date to which it will extend the tender offer," the company said in a statement

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