Intel and AMD settle antitrust case

 

Agree to halt all ongoing legal action.

View larger image View larger image View larger image

See all pictures here »

AMD and Intel today announced an antitrust settlement that will see Intel pay its arch rival $1.25bn ($1.35bn).

The agreement also brings to a close all ongoing legal wrangles between the two firms, including patent disputes.

The truce marks the end of an antitrust case brought by AMD in 2005.

The company alleged that Intel was preventing it from doing business by offering financial sweeteners to PC makers.

Intel vehemently denied the charges.

In a statement the firms said, "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 the agreement, both sides will drop any other litigation they have planned.

A five-year cross-licensing deal was also announced as part of the settlement.

Copyright ©v3.co.uk


 
 
 
Top Stories
IBM, NEC picked for major NSW Transport deals
Final contract negotiations begin.
 
Govt proposes crackdown on ISPs over piracy
Wants new legal powers for copyright industry.
 
Westpac interim CIO resigns
Group CIO yet to be appointed.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
What is delaying adoption of public cloud in your organisation?







   |   View results
Lock-in concerns
  29%
 
Application integration concerns
  3%
 
Security and compliance concerns
  27%
 
Unreliable network infrastructure
  9%
 
Data sovereignty concerns
  22%
 
Lack of stakeholder support
  3%
 
Protecting on-premise IT jobs
  4%
 
Difficulty transitioning CapEx budget into OpEx
  3%
TOTAL VOTES: 1018

Vote