Chip makers Intel Corp and Advanced Micro Devices Inc are announcing on Thursday a wide-ranging settlement of their dispute over competitive and licensing issues, according to sources familiar with the matter.

Competition authorities in Asia, Europe and the United States have taken action against Intel in recent years because of persistent complaints by AMD about the behavior of Intel, which makes 80 percent of the central processing units at the heart of all personal computers.

(Reporting by David Lawsky, editing by Tiffany Wu and Gerald E. McCormick)