Wednesday, August 29, 2007

AMD punts on Transmeta energy technology

CHIP-maker AMD has invested US$7.5 million in ailing semiconductor design firm Transmeta in a deal thought to be aimed at securing energy efficiency technology.

Founded in 1995, Transmeta develops and licenses innovative computing, microprocessor and semiconductor technologies and related intellectual property. The company is a specialist in delivering low power, high performance chip technology.

Most recently Transmeta has focused on developing and licensing our advanced power management technologies.

“We are very pleased that AMD has made a strategic investment in the future of Transmeta,” said Transmeta president and chief executive officer, Les Crudele.

“AMD has long been a leader in the development and delivery of energy-efficient, high-performance computing technologies, standards and initiatives,” Mr Crudele said.

“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,” he said.

AMD president and chief operating officer Dirk Meyer said Transmeta has been a key AMD ally in bring the company’s AMD64 technology to market and had supported the industry adoption of both AMD64 and AMD's HyperTransport technology.

“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,” Mr Meyer said.

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