Thursday, November 12, 2009

News Alert: Intel Will Pay $1.25 Billion to Settle Disputes With Rival

Breaking News Alert
The New York Times
Thu, November 12, 2009 -- 9:22 AM ET
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Intel Will Pay Rival Chipmaker AMD $1.25 Billion to Settle All Legal Disputes

The giant chipmaker Intel agreed on Thursday to pay its rival
Advanced Micro Devices $1.25 billion to settle antitrust and
patent disputes between the companies. Intel said it had also
agreed to abide by a set of "business practice provisions."
In return, A.M.D. is dropping suits in the United States and
Japan, and withdrawing complaints to antitrust regulators
worldwide. The two companies announced the agreement in a
joint statement.

Read More:
http://www.nytimes.com?emc=na

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