Intel to pay $1.25 billion to settle legal battle with AMD

11/13/2009 | Bloomberg · NYTimes.com

A four-year lawsuit between chip-makers Intel and Advanced Micro Devices is over, with Intel agreeing to pay AMD $1.25 billion and promising to stick with agreed business practices. The firms dropped their patent claims against each other and agreed to cross-license technology for five years. "AMD is going to be perceived as the big winner here, but the bigger winner is Intel," said Hans Mosesmann, an analyst at Raymond James & Associates. "Instead of writing a check for $10 billion over time, they write one for $1 billion.

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Bloomberg · NYTimes.com

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