Transmeta, the once-high flying chip maker that boasted Linux kernel creator Linus Torvalds as a staffer but has since fallen on hard times, got a $7.5 million boost from AMD today.
As part of the deal, AMD invested $7.5 million in Transmeta in exchange for Transmeta preferred stock. Transmeta did not disclose what it will do with the money, and AMD did not explain why it made the investment.
A statement from Les Crudele, president and chief executive officer of Transmeta, did shed a bit of light on the investment.
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"AMD has long been a leader in the development and delivery of energy-efficient, high-performance computing technologies, standards and initiatives," said Crudele. "Transmeta has been proud to endorse and contribute to those industry leading activities, and we look forward to continuing our collaboration with AMD on technology initiatives in the future."
Dirk Meyer, president and chief operating officer of AMD, added, "Our investment will support Transmeta's technology development work and AMD's efforts to leverage Transmeta's innovative energy-efficient technologies to the benefit of AMD's customers."
Neowin.net - Transmeta Gets $7.5 Million Infusion From AMD::
Transmeta Corporation has received a $7.5 million boost from Advanced Micro Just 7.5 million? Transmeta loses more than 10 times that amount per year.
http://www.neowin.net/index.php?act=view&id=41351HOME |
Transmeta Gets $7.5 Million Infusion From AMD::
Using new server technology available from Intel, however, IT managers can Transmeta Gets $7.5 Million Infusion From AMD. Source: InternetNews
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