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Intel and AMD settle legal rows Intel and AMD settle legal rows
(10 minutes later)
US chip maker Intel has agreed to pay rival AMD $1.25bn as part of a deal to settle all outstanding legal disputes between the two companies.US chip maker Intel has agreed to pay rival AMD $1.25bn as part of a deal to settle all outstanding legal disputes between the two companies.
The two firms said the settlement covered all antitrust litigation and patent disputes.The two firms said the settlement covered all antitrust litigation and patent disputes.
"While the relationship between the two companies has been difficult in the past, this agreement ends the legal disputes," the two firms said."While the relationship between the two companies has been difficult in the past, this agreement ends the legal disputes," the two firms said.
AMD's shares jumped by as much as 23% following the announcement.AMD's shares jumped by as much as 23% following the announcement.
Intel's shares were suspended.
Under the terms of the deal, the two firms have agreed a five-year cross licensing agreement with each agreeing to give up claims of breaching previous agreements.Under the terms of the deal, the two firms have agreed a five-year cross licensing agreement with each agreeing to give up claims of breaching previous agreements.
Competition regulators in Asia, Europe and the US have all taken action against Intel because of complaints by AMD.Competition regulators in Asia, Europe and the US have all taken action against Intel because of complaints by AMD.
Intel makes 80% of the microchips that power personal computers.Intel makes 80% of the microchips that power personal computers.