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Intel Corp. said Monday that it is in talks with the U.S. Federal Trade Commission on a possible settlement of the government's antitrust case against the giant chipmaker.

The Santa Clara-based company (NASDAQ:INTC) said in a regulatory filing that both sides have filed a motion to suspend proceedings until July 22 in the antitrust trial while both sides work on the potential settlement.

The FTC sued in December, saying Intel had illegally stifled competition for a decade. The action came after Intel settled similar charges in a civil case brought by Advanced Micro Devices Inc. (NYSE:AMD) and was fined by the European Union in a separate antitrust case.

A settlement with the FTC is expected to prompt another one with Nvidia Corp. (NASDAQ:NVDA), which also claims that Intel has illegally used its dominant market position to cut off competition.

New York Attorney General Andrew Cuomo has also filed antitrust allegations against Intel.

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