jewishmafia
11-15-2009, 12:30 AM
We have just received news from Drew Prairie of AMD that the anti-trust lawsuit that was supposed to start in March 2010 is not going to happen. In a press release published minutes ago, "Intel Corporation and Advanced Micro Devices (NYSE: AMD) today announced a comprehensive agreement to end all outstanding legal disputes between the companies, including antitrust litigation and patent cross license disputes."
The agreement means that AMD and Intel signed a new 5-year cross-license agreement over the x86 technology, "with both companies giving up any claims of breach from the previous license agreement." This statement is heavy in several orders of magnitude - first of all, AMD is now clear to have the relationship with GlobalFoundries as it is right now, and decades-old requirement for an x86 license is now a thing of the past [owning own manufacturing facilities].
Also, under the terms of settlement, Intel will pay AMD a sum of 1.25 billion US dollars and "agreed to abide by a set of business practice provisions. As a result, AMD will drop all pending litigation including the case in U.S. District Court in Delaware and two cases pending in Japan. AMD will also withdraw all of its regulatory complaints worldwide."
However, this deal does not include the recent lawsuit brought forward by NY State, even though we would now expect for that lawsuit to wind down – we might be wrong here, though.
Full article here...
http://www.brightsideofnews.com/news/2009/11/12/intel-capitulates2c-pays-125b-usd-to-amd.aspx
The agreement means that AMD and Intel signed a new 5-year cross-license agreement over the x86 technology, "with both companies giving up any claims of breach from the previous license agreement." This statement is heavy in several orders of magnitude - first of all, AMD is now clear to have the relationship with GlobalFoundries as it is right now, and decades-old requirement for an x86 license is now a thing of the past [owning own manufacturing facilities].
Also, under the terms of settlement, Intel will pay AMD a sum of 1.25 billion US dollars and "agreed to abide by a set of business practice provisions. As a result, AMD will drop all pending litigation including the case in U.S. District Court in Delaware and two cases pending in Japan. AMD will also withdraw all of its regulatory complaints worldwide."
However, this deal does not include the recent lawsuit brought forward by NY State, even though we would now expect for that lawsuit to wind down – we might be wrong here, though.
Full article here...
http://www.brightsideofnews.com/news/2009/11/12/intel-capitulates2c-pays-125b-usd-to-amd.aspx