AMD and Intel Announce Settlement of All Antitrust and IP

[Apoptosis]

AMD and Intel Announce Settlement of All Antitrust and IP Disputes

SUNNYVALE/SANTA CLARA, Calif. – Nov. 12, 2009 – Intel Corporation and Advanced Micro Devices (NYSE: AMD) today announced a comprehensive agreement to end all outstanding legal disputes between the companies, including antitrust litigation and patent cross license disputes.

In a joint statement the two companies commented, "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."

Under terms of the agreement, AMD and Intel obtain patent rights from a new 5-year cross license agreement, Intel and AMD will give up any claims of breach from the previous license agreement, and Intel will pay AMD $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. AMD will also withdraw all of its regulatory complaints worldwide. The agreement will be made public in filings with the Securities and Exchange Commission.

About AMD
Advanced Micro Devices (NYSE: AMD) is an innovative technology company dedicated to collaborating with customers and technology partners to ignite the next generation of computing and graphics solutions at work, home and play. For more information, visit http://www.amd.com.

About Intel
Intel (NASDAQ: INTC), the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom and blogs.intel.com.

[Apoptosis]

GLOBALFOUNDRIES CEO, Doug Grose just made this public comment on the settlement:

"We're very pleased to see AMD and Intel reach settlement on this matter. We're also pleased that this resolution allows GLOBALFOUNDRIES to continue making products for AMD while aggressively pursuing new foundry customers. GLOBALFOUNDRIES remains focused on executing on our growth strategies including our planned integration with Chartered, following the successful closing of ATIC’s acquisition of the company.”

[Apoptosis]

Intel is paying AMD within the next 30 days and the payment will be all cash... Must be nice to write a check for 1+ billion dollars. I wonder what the bank will say when that one comes (prolly a direct wire, but still).

[werewolfdaddy]

Now if only Intel will play nice with nVidia.

[bmaverick]

Cash. What bank has that amount of money in this economy?

Sure, just moving something electronically is easy when you add a bunch of zeros after it.

It was interesting seeing the bell at the close today of Intel and AMD.

[shaxs]

Hah we were talking at work the other day about this... how does one transfer 1.25 billion? What kind of transfer fee does that have involved ;)