Chipmakers Intel and Transmeta have settled their patent dispute, with Intel agreeing to pay Transmeta some $250 million dollars to settle all claims and get a perpetual, non-exclusive license to all Transmeta patents and patent applications for the next ten years. Intel is to pay Transmeta $150 million up front, then $20 million a year for the next five years.
“We are very pleased to have reached this agreement with Intel,” said Transmeta CEO and president Les Crudele, in a statement. “We believe that this arrangement will create value for Transmeta stockholders both by realizing immediate financial value for our intellectual property rights and by supporting our technology development and licensing business going forward.”
