Intel to pay $1.25 bn to settle AMD dispute
San Francisco, November 13: Intel is to pay smaller rival Advanced Micro Devices $1.25 billion to settle claims that the computer-chip giant violated antitrust and patent laws, the companies said.
The move comes just days after Intel was sued by New York state for antitrust violations and follows a $1.5-billion fine slapped on Intel by the European Commission for antitrust offences. Regulators in Europe and the US said the civil settlement would not derail their legal actions against the Silicon Valley pioneer.