AMD and Intel settle legal disputes
AMD and Intel have apparently solved their legal problems with each other. Via press release the two companies announced to have settled all antitrust and IP disputes.
Via press release AMD and Intel have declared to have settled all antitrust and IP disputes that have been going on between the two companies lately. A new license agreement has been made and Intel pays AMD 1.25 billion USD.
The original press release:
AMD and Intel Announce Settlement of All Antitrust and IP Disputes
SUNNYVALE/SANTA CLARA, Calif. - Nov. 12, 2009 - Intel Corporation and Advanced Micro Devices (NYSE: AMD) today announced a comprehensive agreement to end all outstanding legal disputes between the companies, including antitrust litigation and patent cross license disputes.
In a joint statement the two companies commented, "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.”
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.
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