Chip maker Advanced Micro Devices Inc. invested $7.5 million in Transmeta Corp., which licenses microprocessor intellectual property, the companies said Friday.
In exchange for its investment, AMD will receive Transmeta preferred stock, Transmeta said. The company did not release the number of shares AMD will gain.
In a statement issued by Transmeta, AMD president and chief operating officer Dirk Meyer said the investment will aid Transmeta's technology development efforts and AMD's endeavors to leverage the company's energy-efficient technologies.
News Source: Forbes