Intel (Nasdaq: INTC) and NVIDIA (Nasdaq: NVDA) are about to settle their licensing differences and smoke a nice peace pipe, according to a Bloomberg report. Citing the usual unnamed sources and a report from respected chip analyst Uche Orji of UBS, Bloomberg posits that the heated exchange of mutual lawsuits will end with Intel possibly paying NVIDIA a settlement and signing an extensive cross-licensing contract. In another potential sign of an impending settlement, the two companies have canceled a court date scheduled for next week. Putting a stop to this tussle will let NVIDIA back into the chipset design game, and should also give Intel more access to NVIDIA's advanced graphics technologies. That's an area where Intel's own efforts have been found sorely lacking against leading technologies from NVIDIA and Advanced Micro Devices (NYSE: AMD). Is Intel rushing to make this move in order to counter the threat from AMD's highly capable Fusion products?