In this paper, we study multiplicative structures on the K-theory of the core of the C*-algebra of a directed graph . In the first part of the paper, we study embeddings that induce a -homomorphism . Through Künneth formula, any such a -homomorphism induces a ring structure on . In the second part, we give conditions on such that is generate by “noncommutative line bundles” (invertible bimodules). The same conditions guarantee the existence of a homomorphism of abelian groups (where is the adjacency matrix of ) that is compatible with the tensor product of line bundles. Examples include the C-algebra of a quantum projective space, the algebra, and the C-algebra of the space parameterizing Penrose tilings. For the first algebra, as a corollary we recover some identities that classically follow from the ring structure of , and that were proved by Arici, Brain and Landi in the quantum case. Incidentally, we observe that the C*-algebra of Penrose tilings is the AF core of the Cuntz algebra , if the latter is realized using the appropriate graph.

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