Qualcomm buys AMD handheld graphics and multimedia assets

Qualcomm announced today that it has purchased certain graphics and multimedia technology assets, and intellectual property from AMD. As part of the purchase, staff from various design and development teams from AMD’s handheld business will move over to Qualcomm.

Qualcomm will use its latest acquisition to enhance its development of more advanced products that redefine next-generation mobile user experiences. Areas of focus include 2D and 3D graphics, audio/video, display, and architecture.

The purchase cost Qualcomm US$65 million. The sale will also allow AMD to focus on its core processor and graphics businesses.

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