Intel pays AMD $1.25 billion in antitrust settlement

Posted: November 15, 2009 in Tech

Intel Corporation agreed to settle a long standing dispute with its arch rival Advanced Micro Devices Inc, by paying AMD $1.25 billion as compensation.

On top of the $1.25 billion settlement, both the companies entered into a new 5-year cross license agreement and giving up any violation claims from the previous license agreement.

Intel and AMD said in a joint statement: ”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.”

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