"Nvidia released news today that Intel has agreed to pay the graphics maker an aggregate of $1.5 billion in licensing fees payable in five annual installments, beginning Jan. 18, 2011. Just as big news is that Nvidia and Intel have also agreed to drop all outstanding legal disputes between them.... Under the new agreement, Intel will have continued access to Nvidia’s full range of patents. In return, Nvidia will receive an aggregate of $1.5 billion in licensing fees, to be paid in annual installments, and retain use of Intel’s patents, consistent with its existing six-year agreement with Intel. The existing agreement is to expire March 31, 2011." | more
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