Tuesday, January 27, 2009

Part of the assets and technology AMD buys Qualcomm

Today, the company AMD and Qualcomm announced that the latter, for an amount of $ 65 million, has acquired a portion of the assets and technology first, related to graphics and multimedia, which were part of the business AMD, the foundation for the development and production of pocket electronics.

This acquisition should help Qualcomm strengthen its position and opportunities in the development of multimedia devices to create innovative products for the next generation of mobile users. AMD, in turn, will focus on primarily for the business itself - the development of central and videoprocessor.

According to the agreement Qualcomm retain jobs for the design teams of the respective units of AMD. They will continue their work in the field of 2D and 3D-graphics development for audio and video devices.

Of a transaction between two companies was fastened 19 number of documentary, but the amount of monetary compensation and the preservation of jobs were specified in advance.

Source: Qualcomm