In what is being called a ‘new era’ in the chip industry, Intel and AMD have settled their court cases, antitrust proceedings and patent disputes with the latter getting $1.25 billion along with several other agreements. For years Intel and AMD have been fighting each other in courtrooms over several issues and the bad blood was such that AMD had also launched a website in 2007, apparently to tell people about its proceedings against Intel. Intel was also fined $1.45 bln by the European Union earlier this year for illegal sales tactics. However the settlement today is certainly a win win for both parties and certainly a good sign for the consumers and the chip industry.
Under terms of the agreement, AMD and Intel obtain patent rights from a new 5-year cross license agreement, Intel and AMD will give up any claims of breach from the previous license agreement, and Intel will pay AMD $1.25 billion. Intel has also agreed to abide by a set of business practice provisions. As a result, AMD will drop all pending litigation including the case in U.S. District Court in Delaware and two cases pending in Japan. AMD will also withdraw all of its regulatory complaints worldwide. The agreement will be made public in filings with the Securities and Exchange Commission. [Press Release]
Via Zdnet / Image source
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