Transmeta Gets $7.5 Million From Advanced Micro

Advanced Micro Devices (AMD) Friday announced a deal to buy $7.5 million of preferred stock in the struggling chip maker Transmeta (TMTA).

The company said its investment “will support Transmeta’s technology development work and AMD’s efforts to leverage Transmeta’s innovative energy-efficient technologies to the benefit of AMD’s customers.”

It also should help save Transmeta from falling deeper into the financial mire. And that has investors relieved.