The company Qualcomm agreed to pay about 65 million dollars for acquisition of intellectual property rights on the graphic and multimedia design and certain assets from AMD in the business segment naladonnyh devices. Under this agreement, Qualcomm will have a staff of some designers and developers of specialists processors for handheld devices, noting that they will be used for the development of technologies that can improve the characteristics of mobile electronics, including the possibility of 2D/3D graphics, audio and video , displays, and system architecture.
The parties signed the deal and have already received the necessary regulatory approval. Qualcomm stressed that as a result of its acquisition, in particular, it is able to freely use the graphics core, which it had licensed for several years. The company will apply the acquired assets for the production of microchips-class system-on-chip (SoC).
AMD, in turn, said that the sale naladonnyh assets will allow it to concentrate on its core business - x86-compatible processors and graphics for computers. You can add that in this way the company is also reducing the number of employees, as part of an overall program of staff lay-offs 9%.