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Talk about vindication. AMD waited a long time for this day and took a lot of heat from the Intel faithful, but the chip maker finally got it was looking for: a huge settlement.

Finally putting to rest the longstanding antitrust dispute, Intel and AMD announced today a settlement agreement in which Intel will pay AMD $1.25 billion, as well as agree to "abide by a set of business practice provisions." In return, AMD will drop all pending litigation and withdraw all of its regulatory complaints worldwide.

"While the relationship between the two companies has been difficult in the past, this agreement ends the legal disputes and enables the companies to focus all of our efforts on product innovation and development," the chip makers said in a joint statement.

The dispute dates back to 2004 when AMD filed a case accusing Intel of unfair business practices that entailed snuffing the smaller chip maker out. Intel allegedly offered sizable rebates to key vendors in exchange for either dealing exclusively with Intel, or delaying the launch of AMD products.

While AMD has agreed to take its money and run, Intel might not be out of hot water completely. The settlement doesn't prevent governments from initiating antitrust cases against Intel.


Image Credit: blogs.taragana.com


Integeeks.com
Source: Maximumpc

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