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NEC licenses Transmeta technology, buys stake in company

TOKYO-NEC Electronics Corp. said it has licensed the semiconductor products of Transmeta Corp for low-power technology and to manage transistor leakage.

Transmeta’s product, known as LongRun2, will be in the 90, 65 and 45 nanometer packages.

NEC also announced it is purchasing “a small percentage” of Transmeta’s common stock as part of its 25 million share common stock offering.

“By licensing Transmeta’s LongRun2 Technologies, we will be able to complement our existing low-power technologies and lead the industry in markets such as wireless handsets, broadband networking and digital consumer electronics where low power is critically important,’ said Hirokazu Hashimoto, executive vice president for NEC Electronics.

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