As a key part of this cooperation, RMI will acquire the MIPS-based AMD Alchemy™ processor product line and operations from AMD, and AMD will become an investor in RMI. The Alchemy product line acquisition forms the basis for a broad strategic relationship between AMD and RMI to cooperate in a number of different areas, including the recently announced "Torrenza" platform.
“We are extremely pleased to enter into a strategic relationship with AMD and to bring them on as an investor. RMI is continuing to expand its product offerings and customer base, and the acquisition of the Alchemy product family bolsters our portfolio significantly,” said Atiq Raza, chairman and chief executive officer, RMI. “Having a high-performance offering optimized for low-power applications enables us to leverage our existing successes in the networking and security markets and significantly extends our customer penetration into the Consumer Electronics markets. RMI endorses AMD64 as the innovation platform for the industry, and fully embraces the ‘Torrenza’ ecosystem development initiative.”
Both AMD and RMI have committed to a seamless customer transition and RMI is committed to a significant investment in designing and extending the Alchemy product family and roadmap.
“RMI is a well-respected company and we believe that RMI is in an excellent position to leverage their MIPS technology leadership to invest in the future growth of the world-class Alchemy processor family,” said Hector Ruiz, chairman of the board and chief executive officer of AMD. “We anticipate that the cooperation between AMD and RMI will help further accelerate RMI’s success while benefiting Alchemy customers, and we look forward to participating in that future success.”
The Alchemy product family from AMD consists of a portfolio of processors that are designed to address customer needs for high-performance, low-power embedded solutions. The technologies offered in the Alchemy processor line cover a wide range of applications targeted at multimedia, access and computing devices as well as growth opportunities in the communications and consumer markets.