Transmeta on Thursday said that it had entered into agreement with Nvidia Corp. 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.

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. 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.

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