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From the News Desk
Friday, 8. August 2008
Transmeta Grant's Nvidia to Its Computing Technologies
Transmeta recently revealed that it had entered into an agreement with Nvidia and granted the graphics chip developer a non-exclusive license to Transmeta’s Long Run and LongRun2 technologies and other intellectual property, which includes computing technologies, for use in connection with Nvidia products.
The technology could apply to Nvidia's system-on-chip for cell phones announced earlier this year, called Tegra, which includes a graphics processor. Specific details about products with LongRun-based technology will be announced in the future, said Derek Perez, an Nvidia spokesman. Nvidia agreed to pay Transmeta a one-time licensing fee of USD 25 million.
“We are very pleased to have achieved this license agreement with Nvidia,” said Les Crudele, president and chief executive 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.”
Transitioning from being a processor manufacturer to a more nimble IP company is showing positive impact on Transmeta's balance sheet. Transmeta said it recorded USD 366,000 in licensing revenue during the second quarter of the year, up from USD 240,000 in the first quarter. Transmeta has phased out all services and end-of-life product revenue sources.
The technology could apply to Nvidia's system-on-chip for cell phones announced earlier this year, called Tegra, which includes a graphics processor. Specific details about products with LongRun-based technology will be announced in the future, said Derek Perez, an Nvidia spokesman. Nvidia agreed to pay Transmeta a one-time licensing fee of USD 25 million.
“We are very pleased to have achieved this license agreement with Nvidia,” said Les Crudele, president and chief executive 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.”
Transitioning from being a processor manufacturer to a more nimble IP company is showing positive impact on Transmeta's balance sheet. Transmeta said it recorded USD 366,000 in licensing revenue during the second quarter of the year, up from USD 240,000 in the first quarter. Transmeta has phased out all services and end-of-life product revenue sources.
