Intel to Pay Nvidia $1.5 Billion Over Licensing Dispute
Intel Corp. and Nvidia Corp. agreed to a long-term cross-license agreement, ending a legal dispute over the use of each other’s technology.
Under the deal, Intel will pay Nvidia $1.5 billion over the next five years, and the companies will receive a license to each other’s patents, subject to certain terms, Santa Clara, California-based Intel said today in a statement.
The dispute centered around Intel’s assertion in February 2009 that a license held by Nvidia didn’t cover future products. Nvidia, a maker of graphics chips, then accused its larger rival of breaching a contract that let the companies use each other’s capabilities.
