Intel, who exports 80 percentage of micro-processors for personal computers in the world, has agreed to pay $1.5 billion to Nvidia to use its technology. According to the contract, Intel can now use Nvidia's graphics technology in designing chips for tablets, mobiles and other devices.
Earlier in 2009, Intel had sued Nvidia over the right to keep making an Intel designed chip. Nvidia then counter-sued.
"This agreement signals a new era for Nvidia. It also underscores the importance of our inventions to the future of personal computing as well as the expanding markets for mobile and cloud computing," Jen-Hsun Huang, Nvidia's president and chief executive said.