Sunnyvale, California-based Advanced Micro Devices Inc awarded a $1m research grant to Carnegie Mellon University to fund research into Asynchronous Transfer Mode networking: the Pittsburg university’s College of Engineering has been developing highly integrated Asynchronous Transfer switches, and Advanced Micro has signed a licensing agreement with the university for the rights to the technology, although it says it has no immediate plans to develop products based on the technology; Carnegie Mellon professors Ron Bianchini and Hyong Kim said their designs will transmit data twice as fast as the current generation of switches with a capacity of 2.4Gbps per second.