Intel to pay AMD $1.25B in legal settlment Thursday November 12, 9:42 am ET Intel to pay AMD $1.25 billion to settle antitrust and patent licensing suits
NEW YORK (AP) -- Intel Corp. is paying $1.25 billion to Advanced Micro Devices Inc., its largest rival in the market for computer processors, to settle all antitrust and patent suits, the companies said Thursday.
Intel said it has agreed to abide by a set of "business practice provisions." In return, AMD is dropping suits in the U.S. and Japan, and withdrawing complaints to antitrust regulators worldwide.
AMD shares soared $1.19, or 22 percent, to $6.51 in morning trading. Intel shares fell 6 cents to $19.78.
A cheque for $1.25B should keep fabless AMD in business for another full product cycle of losses.
Presumable the patent comments means that GF will be licensed for x86 (although likely only for AMD wafers)
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