AMD buys Austin startup to power up wireless virtual reality headsets

Advanced Micro Devices Inc., its stock surging thanks to the success of a powerful new computer chip, wants to delve into another burgeoning market that’s near and dear to techies: virtual reality.
The company said Monday it had acquired for an undisclosed amount engineering workers and intellectual property from Nitero Inc., an Austin startup that builds chips that could power virtual reality headsets without the need for bulky cables. It was an unexpected purchase, according to Forbes, but makes…

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