In 1995 Norman Ramsey at Bell Communications Research and Mary F. Fernandez at Department of Computer Science, Princeton University developed The New Jersey Machine-Code Toolkit that had the basic tools for static assembly translation. 9
One such static binary translator uses universal superoptimizer peephole technology (developed by Sorav Bansal, and Alex Aiken from Stanford University) to perform efficient translation between possibly many source and target pairs, with considerably low development costs and high performance of the target binary. In experiments of PowerPC-to-x86 translations, some binaries even outperformed native versions, but on average they ran at two-thirds of native speed.
Another example is the NES-to-x86 statically recompiled version of the videogame Super Mario Bros. which was generated under usage of LLVM in 2013. 7