Qualcomm acquires AMD's handheld assets

Processor giant AMD's continued restructuring has helped wireless specialist Qualcomm increase its intellectual property portfolio today with the acquisition of AMD's former handheld business for $65 million.

Many of the technologies Qualcomm will acquire are ones the company already licenses from AMD, including graphics, audio/video, display, and architecture-related products. As part of the acquisition, design and development teams working under AMD have been offered jobs under Qualcomm.