Qualcomm Buys Part of AMD's Mobile Chip Business

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posted Jan 20, 2009, 9:58 AM   by Eric M. Zeman

Today Qualcomm announced that it has acquired certain graphics and multimedia technology assets, intellectual property and resources that were formerly the basis of AMD's handheld business. The new multimedia technologies should allow Qualcomm to improve its ability to provide 2D and 3D graphics features, as well as better audio/video and display support. Qualcomm is paying AMD $65 million for the assets, and has made offers of employment to the AMD personnel involved in developing these technologies. AMD said the sale will allow it to focus better on its core business of creating x86 computing and high-end graphics chips.

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