A very interesting press-release just came by, you know that Intel and NVIDIA have been arch rivals for years not, the past few years even deep into lawsuits over patens and cross license agreements. Well, Intel Corporation today announced that it has entered into a new comprehensive long-term patent cross license agreement with NVIDIA. The companies have also resolved pending litigation in Chancery Court in Wilmington, Del., ending all outstanding legal disputes between the companies.

Intel will pay NVIDIA a total of $1.5 billion in five annual installments, beginning Jan. 18, 2011. And yes, this means that NVIDIA could make Intel Chipsets again.

This agreement ends the legal dispute between the companies, preserves patent peace and provides protections that allow for continued freedom in product design,