AMD sells handheld graphics unit to Qualcomm for $64M

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.