Intel and AMD have announced a comprehensive agreement to end all outstanding legal disputes between the two companies, including antitrust litigation and patent cross license disputes.
In a joint statement, the two companies have commented that this agreement would put an end to all the persisting legal disputes in the past between the two companies and that their only focus would be on product innovation and development.
Under the terms of the agreement, AMD and Intel would obtain patent rights from a new 5-year cross licence agreement, they will give up any claims of breach from the previous licence agreement Intel will pay AMD a sum of $1.25 billion. Intel has also agreed to abide by a set of business practice provisions. As a result, AMD will drop all pending litigation including the case in U.S. District Court in Delaware and two cases pending in Japan and also withdraw all of its regulatory complaints worldwide. The agreement will be made public in filings with the Securities and Exchange Commission.
