Qualcomm announced that it has bought AMD’s handheld graphics unit for $65 million in cash. As part of the deal, Qualcomm has acquired graphics and multimedia technology assets, intellectual property and resources that were formerly the basis of AMD’s handheld business.
Qualcomm said in a statement that it has offered jobs to current AMD handheld graphics design and development employees; currently they’re working on mobile 2D and 3D graphics, audio/video, display, and architecture design. Both companies have already received regulatory approval for the deal.
Back at CTIA 2007, AMD showed off its then-new Imageon line of mobile graphics chips; the company since had trouble finding a handset maker willing to incorporate them. Last year, AMD first announced that it was considering selling off its handheld graphics unit.
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