Intel to pay AMD $1.25 billion in antitrust settlement

From CNET News.com: Intel and Advanced Micro Devices on Thursday announced a comprehensive agreement to end all outstanding legal disputes between the two chipmakers.

The pact covers both antitrust litigation and patent cross-license disputes, which have been churning since 2004.

Under terms of the agreement, the two companies will obtain patent rights from a new five-year cross-license agreement and will give up any claims of breach from the previous license agreement.

In addition, Intel will pay AMD $1.25 billion and has agreed to "abide by a set of business practice provisions."

In turn, AMD says it will drop all pending litigation, including the case in U.S. District Court in Delaware and two cases pending in Japan, and will also withdraw all of its regulatory complaints worldwide.

"While the relationship between the two companies has been difficult in the past, this agreement ends the legal disputes and enables the companies to focus all of our efforts on product innovation and development," the chipmakers said in a joint statement.

View: Article @ Source Site