Qualcomm acquires AMD's handheld assets
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Processor 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.