SUNNYVALE, Calif.--Advanced Micro Devices Inc. today said it has completed the previously announced purchase of Alchemy Semiconductor Inc. by paying $50 million in cash to Alchemy shareholders and creditors.
In early February, AMD announced it was acquiring Austin, Tex.-based Alchemy to gain high-performance RISC processor technology for communications systems. At the time of the announcement, AMD did not release information about the terms of the purchase.
Alchemy's products are based on 32-bit RISC cores from MIPS Technologies Inc. These microprocessor products have been designed into personal digital assistants (PDAs), Web tablets, Internet devices and gateways.