Rochester, New York 12/17/2009 6:00:00 AM
News / Business

Advance Micro Devices (NYSE:AMD) Receives $1.25 Billion Settlement from Intel (NASDAQ:INTC)

Advanced Micro Devices (NYSE:AMD) has received a $1.25 billion dollar settlement payment from Intel (NASDAQ:INTC).  The payment will settle monetary terms in reference to an agreement over numerous antitrust patent disputes.  Both companies have agreed to exchange patent rights during a five year license agreement.

 

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AMD has agreed to drop charges in Japan and a US District Court in Delaware.  Intel must follow provisions set by AMD.  Intel still faces a $1.45 billion fine in Europe.

 

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