AMD sells handheld graphics unit to Qualcomm for $64M
By Nilay Patel 
posted Jan 20th 2009 5:03PM
posted Jan 20th 2009 5:03PM
AMD's been looking to sell off its handheld graphics business since July, and it looks like it's finally found a buyer in Qualcomm. The $65M deal announced today is already approved, and Qualcomm is planning on hiring key design and development people from AMD -- some nice news amid the most recent round of layoffs at the struggling chipmaker. We'll see if this cash infusion helps AMD get back to its feet -- and, on the flipside, if the tech infusion helps Qualcomm actually do something with Snapdragon except demo clunky vaporware prototypes.
One would think with that much money they could afford to keep everyone they went and damn fired...
soon Samsung will buy AMD, if it's not later than 2010