Novafora buys microprocessor maker Transmeta for $255M
Video processor developer Novafora announced today that it will acquire microprocessor and semiconductor company Transmeta for $255.6 million.
Primarily, the Cupertino Calif. firm is interested in its acquisition’s low-power technology, which it plans to integrate with its own processor to offer more video capabilities on a range of video devices. Transmeta had increasingly turned to licensing its technology recently.
Novafora has raised about $18 million to date from the likes of Gemini Israel Funds and Vortex Venture Capital. Founded in 2004, it’s a good 10 years younger than Transmeta, which made an initial stir but failed to gain traction after the Internet bubble burst.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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