Intel sure sells a lot of chips, but man -- it sure blows a lot of that profit on lawyers. Just months after it got nailed with a $1.45 billion fine from the EU in an AMD antitrust case, nearly two years after AMD hit Intel with another antitrust probe and nearly 1.5 years after the FTC sparked up an investigation of its own, Intel has finally decided to pony up in order to rid itself of one of those back-riding monkeys. In an admittedly brief joint announcement released simultaneously by both firms today, Intel has agreed to cough up a whopping $1.25 billion in order to settle "all antitrust and IP disputes" with AMD. In fact, the pair went so far as to say the following:
"While the relationship between the two companies has been difficult in the past, this agreement ends the legal disputes and enables the companies to focus all of our efforts on product innovation and development."
Aside from AMD's coffers filling up with cash, the agreement also gives both firms patent rights from a new 5-year cross license agreement. Of course, we're betting that this isn't the end of this exceptionally bitter rivalry, and we highly doubt Intel wrote a check this large while grinning from ear-to-ear. That said, we're eager to see what AMD does with its newfound cheddar, and if we had our druthers, we'd sit back and watch it invest heavily into beating Intel to the punch with its next few platforms.

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Intel shells out $1.25 billion to settle all AMD litigation