Exhibit
99.1
AMD:
PR
Contact: Drew Prairie, (512) 602-4425, Drew.Prairie@amd.com
IR
Contact: Ruth Cotter, (408) 749-3887, Ruth.Cotter@amd.com
Intel:
Chuck
Mulloy (408) 765-3584 chuck.mulloy@intel.com
Reuben
Gallegos (408) 765-5374 reuben.m.gallegos@intel.com
AMD
and Intel Announce Settlement of All Antitrust and IP Disputes
SUNNYVALE/SANTA CLARA, Calif.
– Nov. 12, 2009 – Intel
Corporation and Advanced Micro Devices (NYSE: AMD) today announced a
comprehensive agreement to end all outstanding legal disputes between the
companies, including antitrust litigation and patent cross license
disputes.
In a
joint statement the two companies commented, “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.”
Under
terms of the agreement, AMD and Intel obtain patent rights from a new 5-year
cross license agreement, Intel and AMD will give up any claims of breach from
the previous license agreement, and Intel will pay AMD $1.25
billion. Intel has also agreed to abide by a set of business practice
provisions. As a result, AMD will drop all pending litigation
including the case in U.S. District Court in Delaware and two cases pending in
Japan. AMD will also withdraw all of its regulatory complaints
worldwide. The agreement will be made public in filings with the
Securities and Exchange Commission.
Editors’
Notes
AMD
will conduct a media and analyst call at 7am PST.
Participant
Dial-In Number(s):
US/Canada
Dial-In: (866) 766-4082
Int'l/Local
Dial-In: (678) 401-0688
Conference
ID: 1413480
Intel will
conduct a media and analyst call at 8am PST.
Participant
Dial-In Number(s):
US/Canada
Dial-in: (877) 236-2192
Int'l/Local
Dial-In: (816) 249-4176
Conference
ID: 41626993
*An audio
webcast is also available at www.INTC.com
About
AMD
Advanced
Micro Devices (NYSE: AMD) is an innovative technology company dedicated to
collaborating with customers and technology partners to ignite the next
generation of computing and graphics solutions at work, home and play. For more
information, visit http://www.amd.com.
About
Intel
Intel
(NASDAQ: INTC), the world leader in silicon innovation, develops technologies,
products and initiatives to continually advance how people work and live.
Additional information about Intel is available at www.intel.com/pressroom
and blogs.intel.com.