Qualcomm picks up AMD's graphics assets

Communications chipmaker acquires "certain graphics and multimedia technology assets" from Advanced Micro Devices' handheld business for $65 million.

This was originally posted at ZDNet's Between the Lines.

Qualcomm on Tuesday said it has acquired "certain graphics and multimedia technology assets" from Advanced Micro Devices' handheld business.

The acquisition was only for $65 million, so we're not talking a huge deal, but what used to constitute AMD's handheld business is off the chipmaker's books, as it focuses on its core PC and graphics semiconductor markets.

Qualcomm says it will take AMD's graphic assets and intellectual property, and integrate it with its system on a chip products. Qualcomm has offered jobs to the AMD design and development teams in the handheld business.

Qualcomm also added that the deal shaves 2 cents a share off of its fiscal 2009 earnings and will be accretive in the second calendar half of 2010.

About the author

    Larry Dignan is editor in chief of ZDNet and editorial director of CNET's TechRepublic. He has covered the technology and financial-services industries since 1995.

     

    Join the discussion

    Conversation powered by Livefyre

    Show Comments Hide Comments
    Latest Galleries from CNET
    Best mobile games of 2014
    Nissan gives new Murano bold style (pictures)
    Top great space moments in 2014 (pictures)
    This is it: The Audiophiliac's top in-ear headphones of 2014 (pictures)
    ZTE's wallet-friendly Grand X (pictures)
    Lenovo reprises clever design for the Yoga Tablet 2 (Pictures)