Intel Paid $690 Million by HP to Keep Producing Itanium

Intel was paid off by Hewlett Packard to continue producing the Itanium line of chips it has been revealed in court documents.

Coming out as part of a dispute between Oracle and HP, the documents detailing the transaction date back to 2008, where the tablet maker agreed to pay Intel $440 million over a five year period ending in 2014. This was purely to continue producing the poorly selling Itanium chips which powered HP's servers. On top of this, in 2010 another deal was signed to give Intel an extra $250 million to extend the deal through 2017.

The case between Oracle and HP was a claim by the former that fraud had been committed because HP didn't disclose the monetary exchange between itself and Intel. However the judge threw that out the claims on Monday but allowed some details of the transactions to be disclosed. As Wall Street Journal reports, this left both sides claiming victory.

Itanium processors are a line of 64-bit micro-processors designed for enterprise server and high performance systems. The architecture was actually jointly developed by Intel and HP, though the manufacturing was left to the former of the two.