| [00:00.26] |
The world’s largest maker of microchips, Intel, |
| [00:03.09] |
is to pay its main rival, AMD, |
| [00:04.95] |
one and a quarter billion dollars |
| [00:06.92] |
to settle a long running anti-trust and patent dispute. |
| [00:09.89] |
In return, AMD will drop all its lawsuits against Intel. |
| [00:13.55] |
Mark Gregory reports. |
| [00:15.79] |
By reaching a settlement now, |
| [00:17.23] |
the two sides avoid uncertainty over the outcome of |
| [00:20.46] |
the trial and millions of dollars of legal costs. |
| [00:23.49] |
The deal is a particular relief to AMD’s investors. |
| [00:27.69] |
The company’s finance is being strained by |
| [00:30.10] |
the unequal battle with Intel. |
| [00:32.20] |
AMD shares rose nearly a third |
| [00:34.42] |
in value on news of the deal, |
| [00:36.85] |
but there are also advantages for Intel |
| [00:39.07] |
which’s facing multiple investigations |
| [00:41.67] |
into its business practices |
| [00:43.40] |
along with several lawsuits by regulators |
| [00:46.31] |
in the US, Europe and Asia. |
