Intel, the computer-chip giant accused of abusing its market power, will pay Advanced Micro Devices (AMD), $1.25 billion (£755 million) to settle all long-standing disputes over competitive and licensing issues.Intel, which makes 80 per cent of the central processing units at the heart of all personal computers, was accused in 2005 by AMD, its smaller rival, of offering financial incentives to computer makers and retailers to buy its microprocessors.Under the terms of the settlement, AMD said that the two companies will have a new five-year cross license agreement, as well as the one-off settlement pay-out. They will give up any claims of breach from the previous license agreement and drop all pending litigation including the case in U.S. District Court in Delaware and two cases pending in Japan.
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Posts Tagged ‘AMD v. Intel’
Intel to pay AMD $1.25 billion in settlement
Posted: November 12, 2009 in BussinessTags: Advanced Micro Devices, AMD, AMD v. Intel, Andrew Cuomo, Attorney General, Business_Finance, computer-chip giant, Computing, Delaware, Delaware,United States, dell, Dell Inc., electronics, Engineering, European Commission, GBP, Hewlett-Packard, Hewlett-Packard Company, Inc., Intel, Intel Corporation, Japan, Law_Crime, Microprocessor, NEW YORK, Semiconductor companies, U.S. District Court, USD, X86 virtualization
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