We don't really know when but by while jogging around its hometown of Santa Clara, Nvidia decided to pay Transmeta a visit and the result of this is a new licensing deal signed by the two companies. The deal sees Nvidia getting a non-exclusive license to Transmeta's Long Run and LongRun2 technologies which are aimed at improving yield distributions, reduce active power and minimize standby power of silicon chips, and to other advanced power management and computing technologies.

"We are very pleased to have achieved this license agreement with NVIDIA," said Les Crudele, president and CEO of Transmeta. "We believe that this agreement both illustrates the value of Transmeta's intellectual property and technologies to our industry and realizes for Transmeta stockholders an immediate return from the strategic licensure of our intellectual property rights."

As agreed upon, Nvidia has paid Transmeta a one-time, non-refundable license fee of $25 million.