AMD and Intel Announce Settlement of All Antitrust and IP Disputes

jmke · 12th November 2009, 16:42

AMD and Intel Announce Settlement of All Antitrust and IP Disputes

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.

http://www.intel.com/pressroom/archi...pri_20091112ra

12th November 2009, 16:49

Right after Intel and NVidia blew-up a couple of bridges between each-other. Speaking of coincidence, heh...

12th November 2009, 16:42	#1
jmke Madshrimp Join Date: May 2002 Location: 7090/Belgium Posts: 79,021	AMD and Intel Announce Settlement of All Antitrust and IP Disputes AMD and Intel Announce Settlement of All Antitrust and IP Disputes 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. http://www.intel.com/pressroom/archi...pri_20091112ra __________________

12th November 2009, 16:49	#2
JimmyJump Posts: n/a	Right after Intel and NVidia blew-up a couple of bridges between each-other. Speaking of coincidence, heh...