AMD Buys Into Transmeta
AMD has reportedly invested $7.5 million USD into trouble chip design firm Transmeta. You might recall the name Transmeta from a few years ago, when their Crusoe chip was garnering some media attention. This doesn’t mark the first time that both companies have worked together, in fact AMD considers Transmeta to be a “key ally” and has even agreed to sell the Transmeta Efficeon chip under the AMD brand.
“As part of the investment, AMD will receive preferred shares of Transmeta. After the announcement, Transmeta shares rose 24 cents, or 34 percent, to 94 cents in late trading. Shares of AMD rose 20 cents, or 1.4 percent, to $14.39.
The investment bodes well for Transmeta, whose share price has slipped from the $2 range early last year. Transmeta has seen its financial performance squeezed as it has transitioned from a chip designer and manufacturer to one that focuses on licensing its technology.”
The investment bodes well for Transmeta, whose share price has slipped from the $2 range early last year. Transmeta has seen its financial performance squeezed as it has transitioned from a chip designer and manufacturer to one that focuses on licensing its technology.”
