Transmeta just announced it has licensed its LongRun and LongRun2 power management technologies to NVIDIA for a one-time fee of $25 million:
Transmeta Corporation (NASDAQ:TMTA) today announced that it has entered into an agreement with NVIDIA Corporation granting NVIDIA a non-exclusive license to Transmeta’s LongRun and LongRun2 technologies and other intellectual property for use in connection with NVIDIA products.
The agreement grants to NVIDIA a non-exclusive and fully paid-up license to all of Transmeta’s patents and patent applications, and a non-exclusive license and transfer of certain Transmeta advanced power management and other computing technologies.
Under the agreement, NVIDIA agrees to pay Transmeta a one-time, non-refundable license fee of $25.0 million. The agreement also includes mutual general releases of all claims by both parties.
"We are very pleased to have achieved this license agreement with NVIDIA," said Les Crudele, president and CEO of Transmeta. "We believe that this agreement both illustrates the value of Transmeta’s intellectual property and technologies to our industry and realizes for Transmeta stockholders an immediate return from the strategic licensure of our intellectual property rights."
NVIDIA didn't disclose why it licensed these technologies from Transmeta but there are some whispers it might have something to do with the failing notebook GPUs.