PC World reports that Intel and Nvidia agree to end a long-standing patent dispute and license each other's patents.
Under the agreement, Intel will pay Nvidia US$1.5 billion, Intel said in a press release.Intel, Nvidia Sign $1.5 Billion Licensing Deal
"This agreement ... preserves patent peace and provides protections that allow for continued freedom in product design," Doug Melamed, Intel's senior vice president and general counsel, said in a statement. "It also enables the companies to focus their efforts on innovation and the development of new, innovative products."
