What happened to Transmeta, the last big dotcom IPO

Didn't Transmeta's technology end up in Apple's PowerPC emulator Rosetta, following the switch to Intel?

IIRC Transmeta's technology came out of HP (?) research into dynamic inlining of compiled code, giving performance comparable to profile-guided optimization without the upfront work. It worked similarly to an inlining JIT compiler, except it was working with already compiled code. Very interesting approach and one I think could be generally useful. Imagine if, say, your machine's bootup process was optimized for the hardware you actually have. I'm going off decades old memories here, so the details might be incorrect.

I remember it being in one of Sony VAIO's product lines called the picturebook, for its small form factor and a swivel webcam.