Defunct chip company Exponential is suing Apple for $500 million, blaming the Mac maker for its failure earlier this year.
The company has filed nine counts against Apple, but the essence of the claims is that Apple?s dumping of plans to use Exponential technology in future Macs caused the chip maker to go out of business.
Former Applle chief executive Gil Amelio had demonstrated an Apple Mac using a 533MHz X704 processor from Exponential - in which Apple had a stake - and was initially enthusiastic about the technology. But when Apple decided to stick with Motorola processors, the bottom dropped out of the Silicon Valley start-up?s plans.
One month ago, it auctioned some of the technology it had designed with bidders including Intel and AMD taking an interest in buying the patents. So far, no details of which buyers were successful have emerged.
A US report today said that one buyer picked up its patents for $10 million.
Intel was interested in patents that described a processor similar in function to its up-and-coming Merced chip, sources said at the time.
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