AMD, Intergraph Settle Chip Patent Suit
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From Associated Press
Computer chip manufacturer Advanced Micro Devices Inc. will pay Intergraph Corp. as much as $25 million to settle a lawsuit over chip patents under a recent settlement.
The deal was the latest agreement to end years of litigation over Intergraph technology.
Under the settlement, Intergraph said AMD would pay $10 million by May 7 for license rights. Sunnyvale, Calif.-based AMD also will pay as much as $5 million annually over the next three years.
AMD shares rose 37 cents to $17.37 on the NYSE, while Huntsville, Ala.-based Intergraph shares rose 15 cents to $24.55 on Nasdaq.
