Intel settles law suit on Nvidia for $1.5 billion

San Francisco, Jan 11: Finally, the two rivals joined hand to create better technology. Settling the two year legal dispute, the world's biggest micro-chip maker Intel has agreed to team up with its rival Nvidia for making chips for tablets and mobiles.

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.

OneIndia News