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The deal is a boon for the chip designer, which has been posting losses and considering staff cuts.
The for-sale sign is up at Transmeta, once a supplier of Intel-compatible chips that later remade itself into a supplier of chip patents.
Agreement covers all of Transmeta's patents and patent applications, as well as the LongRun2 suite of advanced power management technologies.
Transmeta received the $150 million settlement from Intel, now what?
After posting just $43,000 in revenue in the third quarter, Transmeta is faced with a shareholder's buyout effort.
Manufacturing turned out to be a bust for the chipmaker, so company is moving deeper into licensing.
roundup Sony taps Transmeta for power-stingy processors. Also: TI puts cell phone tasks on a single chip.
The company hasn't quit chips yet, but it says it needs a partner to continue.
The chipmaker unveils the technical details about a completely revamped processor that it says will provide better performance than that of its predecessors.