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Article: Intel will pay $1.25b to AMD to settle lawsuit ; Antitrust cases likely to continue
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- November 13, 2009
- Author:
CopyrightCopyright 2009 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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SAN FRANCISCO - Intel Corp. will pay $1.25 billion to make peace
with Advanced Micro Devices Inc., as the companies whose
microprocessors run nearly all personal computers finally found
common ground in one of the high-tech industry's longest and
costliest legal battles.
The settlement announced yesterday sent AMD stock soaring and
ended a 4-year-old lawsuit in which AMD accused Intel of abusing its
dominance of the chip market. Intel has about 80 percent of the
microprocessor market, and AMD has about 20 percent.
According to the lawsuit, Intel penalized computer makers for
using AMD's chips or offered them financial incentives - payments
that a Toshiba Corp. manager likened to ...