Nvidia Signs Six-Year Deal With Intel Worth $1.5 Billion
Right now, we wish the name on our bank account was Nvidia, because the graphic card manufacturer just signed a deal with Intel that ends a two year lawsuit and gives Intel continued use of Nvidia technology.
In early 2009, Intel and Nvidia were suing each other over an older chipset licensing agreement. Today, however, the two companies have reconciled their differences. For the next six years Intel will be allowed continued use of Nvidia-developed graphics chips, and in return Intel will make annual payments to Nvidia adding up to $1.5 billion.
We’re glad we can all finally get along. For $1.5 billion we’d probably be willing to forgive both companies for helping sell computers with locked specs.