Intel will pay $1,250 million (834 million) to its rival, Advanced Micro Devices (AMD).

Under the agreement, AMD and Intel obtain patent rights through a new cross-licensing agreement for five years

Intel will pay $1,250 million (834 million) to its rival, Advanced Micro Devices (AMD).

The two multinationals stated, in a joint statement, that the arrangement ends the legal battle between the two micro-chip makers, including cases relating to patent and antitrust claims. "Although relations between the two companies have been difficult in the past, this agreement ends legal disputes and allows both companies to focus all its efforts on innovation and their development of products," explained the two giants of the sector.

Under the agreement, AMD and Intel obtain patent rights through a new cross-licensing agreement for five years. Also, Intel and AMD agreed to abandon any claims relating to the break-up of his previous license agreement.

AMD shares shot up 24% at the opening of the New York Stock Exchange after hearing the agreement between the two technology firms, while shares of Intel shares dropped 0.40%.



Let The Barcelona Reporter Know What You Think Post your comment Below




News Source © 2009 Barcelona Reporter
Text within the news headline and/or news body may be subject to copyright Barcelona Reporter does not claim copyright to any such text.unless it is written by one of our reporters :
Please refer to the URL-referenced web page (the ‘Article Source’) for further information and details of the original source from the Barcelona Reporter.com web site. Copyright remains with the original copyright holder