Intel, Nvidia End Suit With $1.5B Patent License Deal

Law360, New York (January 10, 2011, 6:20 PM EST) -- Intel Corp. announced Monday that it signed a six-year patent license agreement with Nvidia Corp., ending a pending breach of contract suit between the companies and allowing Intel to continue using Nvidia patents in exchange for $1.5 billion.

Under the agreement, Intel will receive a license to Nvidia's patents and Nvidia will receive a license to some of Intel's patents, excluding Intel's x86 microprocessors and certain other products. The two companies also exchanged broad releases for all legal claims, including a breach of contract suit pending...
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