Qualcomm today spent $65 million to buy what’s left of AMD’s handheld devices division. The division, which made components for consumer electronics, was part of AMD’s 2006 acquisition of ATI. The acquisition included some technologies that Qualcomm previously licensed from AMD.
Apparently AMD plans to stay in the netbook market, where it competes with Intel’s Atom and also Qualcomm (which sells wireless chips today and promises Snapdragon someday). AMD continues to be struggling after its ATI acquisition, which largely failed.