AMD acquires stake in Transmeta Corp
07 Jul 2007
Boston: Advanced Micro Devices Inc (AMD) the No. 2 microprocessor maker after Intel, has acquired a stake in Transmeta Corp. for $7.5 million.
Transmeta, which has previously partnered with AMD, focuses solely on developing semiconductor technologies for other companies and is best known for its Crusoe and Efficeon computer microprocessors, which it sold in 2000.
In 2005, Transmeta pulled out of the microprocessor business,under heavy pressure from Intel.
In
2001, AMD acquired $13.6 million in Transmeta''s common stock as part of a technology
licensing agreement between the two companies.