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tekz999
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New York, NY (AHN) â Intel has agreed to pay Advanced Micro Devices $1.25 billion to settle a long-standing dispute between the chipmakers over patent and antitrust issues.
Under the agreement, announced Thursday in a joint statement, the companies also will cross-license each otherâs patents for five years. AMD will drop suits against Intel in the United States and Japan and Intel will abide by a set of âbusiness practice provisions.â
âWhile 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,â the companies said.
The settlement does not all of Intelâs antitrust problems. A spokesman for Neelie Kroes, competition commissioner for the European Commission, said Intel was still obligated to pay a $1.5 billion fine levied against the company in May for violation of EU antitrust regulations.
Shares of Intel (INTC) were up 0.8 percent after the announcement, while AMD (AMD) was up 23 percent.
Source: inquisitr
I think AMD has gained 200 times its revenue this year. If you just own 1% of a billion, it will be already enough for your entire life, and 3 generations down
Under the agreement, announced Thursday in a joint statement, the companies also will cross-license each otherâs patents for five years. AMD will drop suits against Intel in the United States and Japan and Intel will abide by a set of âbusiness practice provisions.â
âWhile 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,â the companies said.
The settlement does not all of Intelâs antitrust problems. A spokesman for Neelie Kroes, competition commissioner for the European Commission, said Intel was still obligated to pay a $1.5 billion fine levied against the company in May for violation of EU antitrust regulations.
Shares of Intel (INTC) were up 0.8 percent after the announcement, while AMD (AMD) was up 23 percent.
Source: inquisitr
I think AMD has gained 200 times its revenue this year. If you just own 1% of a billion, it will be already enough for your entire life, and 3 generations down
