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In order to strengthen its handheld multimedia capabilities — and to take advantage of the down market, we might add — Qualcomm acquired certain graphics and multimedia technology assets, intellectual property and resources from AMD’s handheld business.
The deal is already approved and signed, and Qualcomm agreed to pay AMD $65 million in cash, an amount that is subject to adjustments for employee-related expenses and a holdback for certain customary indemnification obligations. Both companies committed to a seamless transfer of business assets, as well as a smooth transition for employees.
Speaking of employees, under the terms of the agreement, the new boss [Qualcomm] extended offers to various design and development teams from AMD’s handheld business. The teams are developing technologies to enhance mobile devices in areas including 2D and 3D graphics, audio/video, display, and architecture.
Commenting on the announcement, Qualcomm’s Steve Mollenkopf said: “Bringing this technology in-house creates even greater synergy as we seamlessly integrate the best-in-class multimedia performance AMD offers into our system-on-chip (SoC) products.”
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
