AMD investing $7.5 Million in Transmeta

AMD investing $7.5 Million in Transmeta

Microprocessor company AMD has announced that they are investing close to around USD 7.5 million in Transmeta which once was the employer of Linus Torvalds.

AMD has invested this sum in Transmeta in exchange for Transmeta preferred stock.

Transmeta has not revealed on what they plan to do with this fresh cash infusion in the company.

Les Crudele, president and chief executive officer of Transmeta had this to say: “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.”

Dirk Meyer, president and chief operating officer of AMD had this to say: “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.”