The Santa Clara, California-based company’s shares leapt 35.71% to $0.95 on the news. With $26m in cash and equivalents at the bank, there had been fears for the company’s survival.
AMD COO Dirk Meyer said had Transmeta had been a key ally in helping to bring its AMD64 technology to market. 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, he said.
Though Transmeta at one time threatened to challenge Intel and AMD with its low-power processors, it has now exited the business of selling microprocessor products. It now licenses its IP, such as its LongRun2 technology that reduces transistor leakage.
