SANTA CLARA, Calif.–(EMWNews)–Transmeta Corporation (NASDAQ:TMTA) today announced that its Board of

Directors has scheduled its Annual Meeting of Stockholders for Thursday,

September 18, 2008. The meeting will be held at the Hilton Santa Clara

Hotel located at 4949 Great America Parkway, Santa Clara, California,

starting at 8 a.m. Pacific Daylight Time.

Stockholders of record at the close of business on August 19, 2008 will

be entitled to vote at the Annual Meeting. Notice of the Annual Meeting

and related proxy materials will be mailed to all stockholders of record

on or about August 25, 2008. Any additional proposals of stockholders to

be considered for presentation at the Annual Meeting must be presented

in writing and received by Transmeta’s

Secretary at Transmeta’s corporate office no later than the close of

business on August 15, 2008.

About Transmeta Corporation

Transmeta Corporation develops and licenses innovative computing,

microprocessor and semiconductor technologies and related intellectual

property. Founded in 1995, we first became known for designing,

developing and selling our highly efficient x86-compatible

software-based microprocessors, which deliver a balance of low power

consumption, high performance, low cost and small size suited for

diverse computing platforms. We are presently focused on developing and

licensing our advanced power management technologies for controlling

leakage and increasing power efficiency in semiconductor and computing

devices, and in licensing our computing and microprocessor technologies

to other companies. To learn more about Transmeta, visit www.transmeta.com.

Safe Harbor Statement

This release contains forward-looking statements made pursuant to the

safe harbor provisions of the Private Securities Litigation Reform Act

of 1995. Such statements speak only as of the date of this release, and

we will not necessarily provide updates of our projections or other

forward-looking statements. Investors are cautioned that such

forward-looking statements are subject to many risks and uncertainties,

and may differ materially or adversely from our actual results or future

events. Important risk factors that could have material or adverse

effects on our results include practical operational challenges

following our recent restructuring and change of business model, the

potential loss of key technical and business personnel, uncertainty

about the adoption and market acceptance of our technology offerings by

current and potential customers and licensees, our inability to predict

or ensure that third parties will license our technologies or use our

technologies to generate royalties, difficulties in developing our

technologies in a timely and cost effective manner, patents and other

intellectual property rights, and other risk factors. We urge investors

to review our filings with the Securities and Exchange Commission,

including our most recent reports on Forms 10-K, 10-Q and 8-K, which

describe these and other important risk factors that could have an

adverse effect on our results. We undertake no obligation to revise or

update publicly any forward-looking statement for any reason.

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