November 12, 2009 Intel settles with AMD, will pay $1.25B
Intel Corp. and Advanced Micro Devices have agreed to settle all of their legal disputes for $1.25 billion.
The agreement will scuttle an anti-trust lawsuit that AMD brought against Intel several years ago in federal court in Delaware.
It also provides for a five-year cross-licensing agreement between the two companies, which have held such technology-sharing agreements in the past.
The settlement is crucial to the Capital Region because AMD is a part-owner and the largest customer of GlobalFoundries, the Sunnyvale, Calif. company building a $4.2 billion computer chip factory in Malta.
The settlement also calls into question the legal viability of a recent lawsuit filed against Intel by New York State Attorney General Andrew Cuomo that contained many of the same allegations that AMD had against Intel in its now-dismissed lawsuit.
