Andre Yoskowitz
11 Dec 2009 13:06
Last month Intel agreed to pay rival chip-maker AMD $1.25 billion USD to settle all legal complaints, most stemming from anti-competition suits filed in the US and the EU.
Today, AMD has confirmed they have received the full $1.25 billion settlement check, and all complaints are finished.
Additionally, both sides agreed on a renewed five-year cross-license agreement. AMD says they are beyond satisfied with the agreement as it will allow the chip makers to compete "on a level playing field."
Intel must also now follow a new set of guidelines agreed upon by both companies.
The larger chip maker is still on the hook in the EU however, with the EC threatening a billion dollar fine for patent violations.