Intel and Transmeta Kiss and Make Up
 

Share prices of Transmeta more than tripled following a ground-shaking settlement with CPU market leader Intel. Intel has just agreed to a $250 million USD settlement with Transmeta, perhaps the biggest financial event in Transmeta's rocky history.

Transmeta, founded in 1995, has had its share of ups and downs. It focuses on the design of power efficient architectures and its resume includes the Crusoe and Efficeon x86 architectures. The company at one time employed Linux legend Linus Torvalds. In the 1990s it tried to compete with Intel and AMD in the processor market, but could not become profitable and faced struggling sales.

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