Intel to pay AMD $1.25 billion, settle disputes

It looks like some sunshine has finally hit AMD for once. Now it is time to get some R&D going to take on the i5&i7 chips. Let's also hope that AMD moves in the right direction with this new found settlement, and does not screw it up.

Intel Corp will pay rival chipmaker Advanced Micro Devices Inc $1.25 billion to settle all outstanding legal disputes, in a move that can hasten the resolution of Intel's antitrust troubles.

AMD, whose shares jumped 22 percent, agreed to withdraw essentially all its regulatory complaints and litigation against Intel, ending a global campaign that it has waged on the world's largest chipmaker for 12 years.

Wonder what is up with Intel?

Related Web URL: http://www.reuters.com/article/ousivMolt/idUSTRE5A...