Intel to pay Nvidia $1.5 billion in licensing fees
Intel will gain access to Nvidia's patents while paying the graphics chip supplier $1.5 billion in licensing fees as part of a new six-year agreement.
"For the future use of Nvidia's technology, Intel will pay Nvidia an aggregate of $1.5 billion in licensing fees payable in five annual installments, beginning Jan. 18, 2011," Nvidia announced today.
Furthermore, Nvidia and Intel have agreed to drop all outstanding legal disputes between them.
The crux of the agreement is that Intel gains access to all of Nvidia's GPU (graphics processing unit) patents but Nvidia gains access … Read more