AMD and Google in Race to Buy Out MIPS

AMD and Google are locked in a race to buy out MIPS, an application processor architecture designer competitive to ARM. AMD comes from a decades old presence in the microprocessor industry, while Google is a satrap with smartphones, tablets, and other mobile computing devices thanks to its Android operating system. With Microsoft opening up to ARM architecture with Windows 8 RT, it is in Google's interests to hedge its bets on an alternative machine architecture to both x86 and ARM. The easiest way to that is buying out MIPS and funding development of powerful processors based on it. For AMD, it's a bid to stay competitive in the low-power processor market as Intel began making inroads to smartphone processor market.