Intel offices raided in Germany

As part of their investigation into the company's alleged abuse of its market position at the expense of rival AMD, EU competition regulators have raided chip giant Intel's offices in Munich, Germany, along with those of Metro AG-owned Media Markt and other unnamed PC retailers. The European Commission has been keeping a close eye on Intel since last summer, when the company was formally accused of offering rebates and making payoffs to customers and retailers in exchange for preferential treatment -- charges that Intel has repeatedly, although somewhat obtusely, denied. It's not clear at this point what material, if anything, was confiscated in these latest raids, which come exactly a month prior to a closed hearing the megacorp faces on this matter in Brussels.

[Via BBC]