Intel to Pay AMD $1.25 Billion to Settle Disputes

Intel Corp. agreed to pay Advanced Micro Devices Inc. $1.25 billion as part of a legal settlement that ends a four-year dispute between the world’s two largest computer-processor makers. AMD stock rose as much as 27 percent.

The settlement includes all antitrust litigation and patent cross-license disputes, the companies said in a statement today. The companies agreed to a new five-year cross-license pact and will give up claims of breach from the previous agreement. Intel also agreed to abide by a set of business-practice provisions.

AMD sued Intel in Delaware in 2005 alleging it controls the market for microprocessors, in part by providing discounts to customers that avoid AMD’s products. Intel had 82 percent of the processor market at the end of the third quarter, according to Mercury Research in Cave Creek, Arizona. AMD had 18 percent.

Read Full Article from Bloomberg

- Posted: 2009-11-12 11:12:13

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