Intel to pay AMD $1.25 billion to settle antitrust and patent licensing suits

Intel to pay AMD $1.25B in legal settlment

SUNNYVALE, Calif. — Intel says it is paying AMD, its largest rival in the market for computer processors, $1.25 billion to settle all antitrust and patent suits.

Intel Corp. says it has agreed to abide by a set of “business practice provisions.” In return, Advanced Micro Devices Inc. is dropping suits in the U.S. and Japan, and withdrawing complaints to antitrust regulators worldwide.