AMD announced they've 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."
"Transmeta has been an innovative force in the industry for more than a decade," said Dirk Meyer, president and chief operating officer of AMD. "Transmeta was a key ally in helping to bring our highly-successful AMD64 technology to market and has supported the widespread 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."