Qualcomm acquires AMD's handheld assets

Qualcomm logoProcessor giant AMD's continued restructuring has helped wireless specialist Qualcomm increase its intellectual property portfolio today with the acquisition of AMD's former handheld business for $65 million.

Many of the technologies Qualcomm will acquire are ones the company already licenses from AMD, including graphics, audio/video, display, and architecture-related products. As part of the acquisition, design and development teams working under AMD have been offered jobs under Qualcomm.

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