At the close of the stock market, NVIDIA has announced that Intel has agreed to a $1.5B settlement for a dispute concerning the use of NVIDIA’s graphics technology (patents) in Intel’s products (read previous stories). NVIDIA will provide more details at 2pm today, but the $1.5B agreement will be spread in five annual payments.

Intel can continue to use NVIDIA’s intellectual property, but the agreement excludes “Intel’s proprietary processors, flash memory and certain chipsets for the Intel platform”, the announcement says. However, it doesn’t look like NVIDIA will be able to build chipsets using Intel’s front-side bus (FSB) for Core processors.

“This agreement signals a new era for NVIDIA,” “Our cross license with Intel reflects the substantial value of our visual and parallel computing technologies. 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.” (said Jen-Hsun Huang, NVIDIA’s president and chief executive officer)

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