Intel spent $877K lobbying government in 2Q
Intel Corp., the world’s No. 1 computer microprocessor maker, spent $877,000 on lobbying in the second quarter, according to recent disclosure forms. Santa Clara, Calif.-based Intel bumped up its lobbying expenses significantly over last year, and spent nearly five times as much in the latest period as much-smaller rival, Advanced Micro Devices Inc. The companies are vastly different in size: Intel’s $111 billion market capitalization dwarfs AMD’s $3 billion market value.
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. 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.
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