AMD Makes Strategic Investment in Transmeta

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Transmeta Corporation and AMD today announced that AMD has invested $7.5 million in Transmeta in exchange for Transmeta preferred stock.

“We are very pleased that AMD has made a strategic investment in the future of Transmeta,” said Les Crudele, president and chief executive officer of Transmeta. “AMD has long been a leader in the development and delivery of energy-efficient, high-performance computing technologies, standards and initiatives. 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.”

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