Andre Yoskowitz
12 Nov 2009 14:16
Long time chip-making rivals AMD and Intel have settled all legal complaints today, with the larger Intel agreeing to pay AMD $1.25 billion USD and setting down new rules to adhere by.
Additionally, both sides agreed on a renewed five-year cross-license agreement. AMD says they are beyond satisfied with the agreement as it will allow the chip makers to compete "on a level playing field."
Intel has been under increased scrutiny in the EU and US for anti-competitive practice but AMD says the new deal relieves most of those complaints.
"The agreement, to a great extent, resolves outstanding disputes between AMD and Intel under the antitrust laws," adds AMD counsel Tom McCoy.
Intel currently controls about 75-80 percent of the entire chip market while AMD controls the rest.