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November 12, 2009

Intel to Pay AMD $1.25 Billion in Antitrust Settlement

Stephen Shankland and and Jonathan Skillings

Burying a very large hatchet in the computing industry, Intel has agreed to pay Advanced Micro Devices $1.25 billion as part of a settlement of a long-running antitrust case. The pact, announced Thursday, resolves the private antitrust lawsuit AMD filed in 2004 and extends the companies’ patent cross-licensing agreement. The new patent arrangement removes hindrances to AMD’s effort to spin off its chip manufacturing business and to have other manufacturers build its processors.

Full story at CNET News