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Broadcom Pays Intel $60 Million � Action Over

Time: 17:12 EST/22:12 GMT | News Source: the inquirer | Posted By: Steven Chalfont

Silicon Giants Intel and Broadcom have agreed to settle their differences, with the latter paying the former $60 million.

The long drawn out litigation between the two firms is now over � with Broadcom apparently paying $30 million in this quarter and $30 million in the next. As a result of this BRCM will take a charge for this in its second quarter.

The dispute, as reported here earlier, related to graphics technology � but it's the only latest round in a very litigious three years or so.

The two firms will cross license the graphics technology and that agreement will last until 2008.

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