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Intel, AMD Strike $1.25 Billion Antitrust Pact
Tech Business
Written by Daniel   
Thursday, 12 November 2009 17:25

From
InformationWeek

Agreement settles multiple claims AMD filed against chip industry competitor.
Intel (NSDQ: INTC) said Thursday it reached an antitrust settlement with Advanced Micro Devices (NYSE: AMD) under which it will pay its chip making rival $1.25 billion.

The pact puts an end to all outstanding legal actions, including patent disputes, between Intel and AMD, the companies said.

 

"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," Intel and AMD said in a joint statement.

Under terms of the deal, Intel and AMD obtain patent rights from each other through a 5-year technology cross-licensing arrangement.

Intel also agreed to modify its business practices.

AMD had accused Intel of using its market heft to extract favorable terms from computer makers and coerce some OEMs to shy away from using AMD processors in their systems. AMD filed lawsuits against Intel in several jurisdictions, including Delaware and Japan.

Those suits have been withdrawn. AMD also agreed to drop regulatory actions it filed against Intel in the U.S. and worldwide. [More...] [Comments...]

 

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