Qualcomm buys AMD handheld business
In a deal valued at $65million, Qualcomm has acquired certain graphics and multimedia technology assets, intellectual property and resources from AMD. According to Qualcomm, the acquisition enhances its multimedia capabilities and will allow it to delivering more advanced products.
“This acquisition of assets from AMD’s handheld business brings us strong multimedia technologies, including graphics cores that we have been licensing for several years,” said Qualcomm executive vice president Steve Mollenkopf, pictured. “Bringing this technology in house creates even greater synergy as we seamlessly integrate the best in class multimedia performance AMD offers into our SoC products.”
Under the terms of the agreement, Qualcomm has extended offers of employment to various design and development teams from AMD’s handheld business. The teams are developing technologies to enhance mobile devices in areas including 2d and 3d graphics, audio/video, display and architecture.
