- Reaction score
- 1,701
Chip makers Intel Corp and Advanced Micro Devices Inc said they have settled all outstanding legal disputes, including antitrust litigation and patent licensing issues.
Intel said on Thursday it will pay AMD $1.25 billion as part of the settlement, sending shares of AMD up nearly 30 percent.
The two companies also sealed a five-year cross license deal and said they would give up any claims of breach from their previous license agreement.
Competition authorities in Asia, Europe and the United States have taken action against Intel in recent years because of persistent complaints by AMD about the behavior of Intel, which makes 80 percent of the central processing units at the heart of personal computers.
Read the news here.
Intel said on Thursday it will pay AMD $1.25 billion as part of the settlement, sending shares of AMD up nearly 30 percent.
The two companies also sealed a five-year cross license deal and said they would give up any claims of breach from their previous license agreement.
Competition authorities in Asia, Europe and the United States have taken action against Intel in recent years because of persistent complaints by AMD about the behavior of Intel, which makes 80 percent of the central processing units at the heart of personal computers.
Read the news here.