AMD stocks surged almost 9% today as rumors that an Intel/AMD licensing agreement has recently been completed. According to a recent forum post on HardOCP by Kyle Bennett, “The licensing deal between AMD and Intel is signed and done for putting AMD GPU tech into Intel’s iGPU.”
AMD licensing graphics technology to Intel has been rumored for quite some time as Intel’s current licensing deal with AMD competitor, Nvidia, is expected to end in March 2017. The current Intel/Nvidia licensing deal is worth approximately $1.5 Billion and netted Nvidia approximately $67 million last quarter.No further details about the deal has been revealed at this time.
Source: HardOCP
