New York: The world's two largest computer
chip makers, Intel Corporation and Advanced Micro Devices
(AMD), today announced their decision to end all legal
disputes and antitrust litigations between themselves.
Under an agreement between the two companies, Intel would
pay rival AMD USD 1.25 billion, and has also agreed to abide
by a set of business practice provisions.
In a joint statement the two companies 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."
Intel and AMD have announced a comprehensive agreement to
end all outstanding legal disputes between the companies,
including antitrust litigation and patent cross license
disputes, the statement said.
AMD and Intel would obtain patent rights from a new
five-year cross licence agreement and would also give up any
claims of breach from the previous licence agreement, it said.
Besides, AMD would drop all pending litigations,
including the case in US District Court in Delaware and two
cases pending in Japan, the statement said.
AMD would also withdraw all of its regulatory complaints
worldwide. The agreement would be made public in filings with
the Securities and Exchange Commission (SEC), it added.
Bureau Report
First Published: Friday, November 13, 2009, 00:07