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Raza acquires AMD's Alchemy processor line

Posted: 14 Jul 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Raza Microelectronics? RMI? semiconductor? Alchemy? processor?

Raza Microelectronics Inc. (RMI), a fabless semiconductor company that delivers solutions for communications, networking and consumer applications, recently announced the completion of its acquisition of the Alchemy product line from AMD.

Based on the agreement, RMI now owns and operates the Alchemy family of MIPS-based power-optimized, high-performance microprocessors. The acquisition forms the basis for a broad strategic relationship between AMD and RMI, and accelerates the latter's entry into the consumer electronics market, said the press release. By combining the Alchemy product line with the existing XLR processor and Orion processor families, said RMI, it now boasts the industry's strongest MIPS-based portfolio that scales from consumer mobile devices to high-end information infrastructure equipment.

The technologies offered in the Alchemy processor line cover a wide range of applications targeted at multimedia, access and computing devices, as well as growth opportunities in the communications and consumer markets.

"We are pleased to announce the closing of the Alchemy transaction and believe that this addition will significantly accelerate our growth, broaden our customer base, and deepen our portfolio of next generation silicon solutions for consumer and communications markets," said Atiq Raza, chairman and CEO of RMI, in a statement.

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