AMD acquires stake in Transmeta Corp
Boston: Advanced Micro Devices Inc (AMD) the No. 2 microprocessor maker after Intel, has acquired a stake in Transmeta Corp. for $7.5 million. Transmeta, which has previously partnered with AMD, focuses solely on developing semiconductor technologies for other companies and is best known for its Crusoe and Efficeon computer microprocessors, which it sold in 2000. In 2005, Transmeta pulled out of the microprocessor business, under heavy pressure from Intel.
In 2001, AMD acquired $13.6 million in Transmeta's common stock as part of a technology licensing agreement between the two companies.
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Hiring rises in US
132,000 workers were added to the workforce in the US in June and wages also rose. In the month of May the increase in employment was to the tune of 190,000 that was also larger than previously reported, the Labor Department said in Washington. The unemployment rate held at 4.5 percent, close to a six-year low.

Rising wages and expanding payrolls are helping consumers withstand high gasoline prices and the housing recession.

Economists projected employment would rise by 125,000 following a previously reported 157,000 May increase. The jobless rate was expected to remain at 4.5 percent.

Workers' average hourly earnings rose 6 cents, or 0.3 percent, after a 0.4 percent increase the previous month. Economists expected a 0.3 percent increase. Earnings were up 3.9 percent from June of last year.
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