We can now put this rumor to rest as Intel has come out and said it's untrue. Earlier this week, AMD refused to comment on the rumor, which send the company's shares down as investors had been pricing in sweet patent license revenue from Intel.
Now an Intel spokesperson offers the following statement:
In a statement sent to Tech Trader Daily by an Intel spokesperson, the company said "The recent rumors that Intel has licensed AMD's graphics technology are untrue."So there you have it, there is no graphics IP deal between Intel and AMD. It appears the cross-license legal settlement between Intel and NVIDIA is in effect until the last patent covered under this deal expires. The only thing that expired in March 2017 was Intel's contractual obligation to pay licensing fees to NVIDIA.
I asked Intel if the company has any further detail on whether it has definitely decided not to license technology from AMD. The company said no further detail would be provided.