AMD: We've Received the $1.25 Billion From Intel

Nearly a month ago, Intel and AMD announced a settlement of $1.25 billion to end the disputes between the companies.

AMD announced late Thursday that it has received the $1,250,000,000 from Intel, according to Trading Markets. This satisfies one of the terms of the settlements, which are:

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

-          Intel will pay AMD $1.25 billion.

-          Intel agrees 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.

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."

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    Top Comments
  • philologos
    Send it to R&D please!!
    29
  • jerreece
    Free/Discounted CPUs and GPUs for EVERYONE this Christmas Season!!!

    -- If only. ;) At least Intel settled out of court though. This should free up AMD to continue on their CPU research/engineering. Ultimately, this is good for the consumer.
    23
  • pullmyfinger123
    It's too bad AMD didn't send me a memo about this settlement before their stock went sky high :(
    20
  • Other Comments
  • jerreece
    Free/Discounted CPUs and GPUs for EVERYONE this Christmas Season!!!

    -- If only. ;) At least Intel settled out of court though. This should free up AMD to continue on their CPU research/engineering. Ultimately, this is good for the consumer.
    23
  • philologos
    Send it to R&D please!!
    29
  • Ed Brown
    "Intel agrees to abide by a set of business practice provisions."

    would that be the {} set?
    12