Qualcomm Buys AMD Handheld Assets

San Diego-based wireless products firm Qualcomm (NYSE:QCOM) says that it has purchased graphics and multimedia technology assets from AMD (NYSE:AMD) for total cash consideration of $65 million. The assets were previously part of Sunnyvale, CA-based AMD’s handheld business, and Qualcomm says it plans to extend offers to some AMD employees who have been part of that business.

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