Topic: Intel settles with AMD for $1.25bn

[Nemesis]

Link to full article

Under the settlement between the rival chip companies, Intel and AMD have signed a five-year cross licensing agreement and are letting go of any claims they made against each other with regard to breaches of previous cross-licensing arrangements. Oh, and AMD gets $1.25bn and Intel agrees to "abide by a set of business practice provisions".

AMD is dropping its pending litigation in the US District Court in Delaware and two cases running in Japan, and is withdrawing all regulatory complaints it has made to various governments of the world. The two companies will file their nuptial settlement agreement in filings with the Securities and Exchange Commission and are hosting separate press conferences later today to explain the settlement.

[Rod ONeal]

I like this quote from Intel

'We did nothing wrong and we won't do it again'

priceless. LOL

[Nemesis]

It is typical of out of court settlements.  Even with the Microsoft consent decree Microsoft essentially said the same thing.  Any admission of guilt can be used against them in future cases.