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Intel to Pay Nvidia $1.5 billion in Licensing Fees
Intel and Nvidia have reached an agreement whereby Intel will gain access to Nvidia’s patents in return for paying Nvidia, a graphics chip supplier, $1.5 billion in licensing fees. Nvidia will also gain access to certain Intel patents. The term of the agreement is for a period of six years.
As part of the agreement, both parties have agreed to drop all outstanding legal disputes between them. In early 2009, Intel and Nvidia had commenced lawsuits against each other in a dispute centered on a chipset license agreement entered into between the parties. Intel had alleged that the cross license did not extend to Intel’s future generation processors. In response, Nvidia countersued, blocking access to its patent portfolio.
For additional information, visit:
http://news.cnet.com/8301-13924_3-20028066-64.html#ixzz1BV1s8yB4
For additional information on the 2009 lawsuits, visit:
http://news.cnet.com/intel-takes-chipset-dispute-with-nvidia-to-court/?tag=mncol;txt
http://news.cnet.com/8301-13924_3-10205514-64.html