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Intel Will Pay Nvidia $1.5 Billion to Settle Dispute

Intel Corp. agreed to pay Nvidia Corp. $1.5 billion over the next five years, gaining the right to use Nvidia’s graphic patents and ending a legal dispute over the use of each other’s technology.

Under the deal, the companies will receive a license to each other’s patents, subject to certain terms, Santa Clara, California-based Intel said today in a statement.