AMD will receive preferred Transmeta stock for its investment, but other terms of the transaction were not disclosed.
Transmeta and AMD have a history of collaboration. Transmeta provided AMD with the HyperTransport bus and AMD64 technology that have been instrumental in the rise of AMD's Opteron.
AMD64 allows a single processor to execute 32-bit and 64-bit instructions, enabling a smooth transition to 64-bit applications. HyperTransport allows for faster and more energy efficient data transfer rates within a processor.
Transmeta is best known for its low-power processors and the LongRun1 and LongRun2 power management technologies.
Transmeta and AMD share a common enemy in Intel, both having ongoing litigation against the world's largest chip maker.
AMD accuses Intel of antitrust violations, while Transmeta has been involved in a series of patent disputes over chip architecture and power-efficiency technologies.
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