Mystery deal is high-security chip for 'FlexGo'

Seattle PI | at | by Mike

The details of Microsoft's mysterious deal with Transmeta have finally been revealed. And none of the speculation was even close.

The microprocessor company has been working for the past year on a high-security, power-efficient chip for Microsoft's new "FlexGo" pay-as-you-go PC initiative in developing nations.

"This happens to be the project we were working on," said Art Swift, Transmeta's president and chief executive, in an interview about the FlexGo initiative.

So the mystery is solved? "The mystery is solved," he said.