Qualcomm Acquires Handheld Graphics and Multimedia Assets from AMD

— Technology and Resource Assets to Strengthen Qualcomm's Leadership Position in Mobile Multimedia —

SAN DIEGO and SUNNYVALE, Calif. -- January 20, 2009 --Qualcomm Incorporated (Nasdaq: QCOM) and AMD (NYSE: AMD) today announced that Qualcomm has acquired certain graphics and multimedia technology assets, intellectual property and resources that were formerly the basis of AMD’s handheld business. The acquisition enhances Qualcomm’s multimedia capabilities, allowing Qualcomm to strengthen its leadership position in delivering more advanced products that redefine next-generation mobile user experiences...

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