Intel hits AMD with patent CLA breach claim

In an SEC filing, AMD said it had received "correspondence" from Intel relating to the firm's 2001 Patent Cross License Agreement, which "(i) alleges that the Company has committed a material breach of the Cross License through the creation of the Company's GLOBALFOUNDRIES joint venture and (ii) purports to terminate the Company's rights and licenses […]

In an SEC filing, AMD said it had received "correspondence" from Intel relating to the firm's 2001 Patent Cross License Agreement, which "(i) alleges that the Company has committed a material breach of the Cross License through the creation of the Company's GLOBALFOUNDRIES joint venture and (ii) purports to terminate the Company's rights and licenses under the Cross License in 60 days if the alleged breach has not been corrected".

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Deepak Gupta is a IT & Web Consultant. He is the founder and CEO of diTii.com & DIT Technologies, where he's engaged in providing Technology Consultancy, Design and Development of Desktop, Web and Mobile applications using various tools and softwares. Sign-up for the Email for daily updates. Google+ Profile.