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Intel pays AMD US$1.25 billion to end outstanding litigation

12 November 2009 | By Mark Osborne | News > Fab Management

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In an effort to draw the line under antitrust and patent cross license disputes with AMD, Intel Corp has agreed to pay AMD US$1.25 billion to end outstanding litigation. As a result, AMD will withdraw all of its regulatory complaints against Intel. The competitors will also enter into a new 5-year patent cross license agreement, which suggest possible problems with licensing spin-off GlobalFoundries have also been averted.

Intel now expects spending (R&D plus MG&A) in the fourth quarter to be approximately $4.2 billion, up from $2.9 billion to take into account the payment to AMD.

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