Thursday, November 12th 2009
AMD and Intel Announce Settlement of All Antitrust and IP Disputes
Intel Corporation and Advanced Micro Devices 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.
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.
107 Comments on AMD and Intel Announce Settlement of All Antitrust and IP Disputes
Intel paid $1.25 billion (about 835 million euro) to AMD, to stop the anti-trust cases in Japan and the U.S.
Needless to say, this comes after the $1.5 billion that Intel already paid to the E.U., and the $26 million in South Korea.
I guess AMD was right all along? lol
But still, nice to see AMD get that. How far into the red was AMD anyways?
Give it a couple more years, though, and I'm sure we'll see the bickering firing up again.
Intel got off cheap with this. :P
It's the "AMD will also withdraw all of its regulatory complaints worldwide" part that's sad. What the hell.
After all AMDs color is green.
The temps really aren't that bad as long as the hot air doesn't get trap in the case.
You mean a chip like that?
Jesus, I'm starting to agree with MailMan -- some people are just never going to understand this, and there's no point arguing about it anymore.
I mean they now have the money they really wanted and they have brought the BIG chip maker down , Maybe now they can focus on there chips and video cards and stop the BS !
Yes there was and is no doubt the A64's were smoking fast and way better than the P4's but come on ! that was almost 5 yeas ago and what is coming out of AMD is not the heavy hitting CPU's we were all craving now are they ?
Get it together AMD put that cash into some real R&D !
BTW EVERY ATI card I have ever had was nothing if not hot and unstable !