Intel pays up $1.25 billion to AMD
updated 06:55 pm EST, Thu December 10, 2009
Chip maker satisfies settlement terms
AMD on Thursday announced that it has received the $1.25 billion settlement payment from Intel. The payment satisfies the monetary terms of the agreement over various antitrust and patent disputes. Both companies have also decided to exchange patent rights as part of a five-year cross-license agreement.
The settlement terms also outline a long list of business practice provisions that Intel must follow. In return, AMD will drop litigation efforts in Japan and the US District Court in Delaware.
Despite the resolution between both chip makers, Intel still faces a hefty $1.45 billion fine in Europe and potential consequences of a New York antitrust case. The company also potentially faces antitrust actions in a dispute with NVIDIA.
