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.
Intel to Pay AMD $1.25 Billion in Antitrust Settlement
November 12, 2009