Intel to kill AMD in 60 days

[NJ5]

Lol you can't make this stuff up. Soap-opera material:

What does AMD have to say about all this? The firm responded with the following statement:

Intel's action is an attempt to distract the world from the global antitrust scrutiny it faces. Should this matter proceed to litigation, we will prove not only that Intel is wrong, but also that Intel fabricated this claim to interfere with our commercial relationships and thus has violated the cross-license.

According to AMD's form 8-K filing, Intel isn't kidding about taking away AMD's license—it "purports to terminate [AMD]'s rights and licenses under the Cross License in 60 days if the alleged breach has not been corrected." Naturally, AMD doesn't think it's doing anything wrong. As a matter of fact, the smaller company thinks Intel has violated the agreement by making those threats:

[AMD] maintains that Intel's purported attempt to terminate [AMD]'s rights and licenses under the Cross License itself constitutes a material breach of the Cross License by Intel[,] which gives [AMD] the right to terminate Intel's rights and licenses . . . while retaining [AMD]'s rights and licenses under the Cross License Agreement.