Qualcomm Scoops Up AMD Assets

Schachter, Ken
January 2009
Red Herring;1/20/2009, p6
Trade Publication
The article reports on the acquisition by Qualcomm of the mobile multimedia assets of chipmaker AMD. The transaction indicates a retreat from the mobile arena by Intel rival AMD, which announced that it would cut 1,100 jobs and take a fresh $622 million goodwill charge related to its acquisition of ATI Technologies. Qualcomm executive Steve Mollenkopf said the deal brings them strong multimedia technologies, including graphics cores that they have been licensing for several years.


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