GO
Loading...

Intel Agrees to Pay AMD $1.25 Billion to Settle Disputes

Intel has agreed to pay Advanced Micro Devices $1.25 billion to settle a longstanding dispute between the two companies.

Intel's headquarters in Santa Clara, California.
Paul Sakuma
Intel's headquarters in Santa Clara, California.

The settlement resolves antitrust litigation and patent cross-license disputes that have lingered for decades, and both companies trumpeted the agreement as a way to finally end simmering hostilities.

"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," the companies said in a joint statement.

The agreement provides a five-year cross-license agreement that allows AMD and Intel , the world's largest chipmaker, to obtain patent rights while giving up claims of breach from the previous license agreement.

AMD has agreed to drop all its pending litigation, including cases in Delaware and Japan.

Symbol
Price
 
Change
%Change
AMD
---
INTC
---

Featured

Contact Technology

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Squawk Alley