Advanced Micro Devices, Inc. (AMD)
AMD to acquire infrastructure player ZT Systems for $4.9B to amp up its AI ecosystem play
AMD, the chipmaker hot on the heels of Nvidia in the AI computing race, today announced a big acquisition to boost its position as an “ecosystem” partner for companies building big artificial intelligence computing businesses: it announced that it will acquire ZT Systems, which provides compute design and infrastructure for so-called “hyperscalers” (the biggest technology firms) for AI, cloud and more general purpose computing, for $4.9 billion. The deal is a mix of cash and stock and includes what AMD describes as a contingent payment of up to $400 million if certain performance metrics are met.
AMD Is Buying an AI Hardware Maker. What It Means for Competition With Nvidia.
AMD's cash-and-stock deal values privately held ZT Systems at $4.9 billion.
AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock
AMD on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia.
AMD Buys AI Equipment Maker for Nearly $5 Billion, Escalating Battle With Nvidia
Advanced Micro Devices AMD 0.81%increase; green up pointing triangle agreed to pay nearly $5 billion to buy ZT Systems, a designer of data-center equipment for cloud computing and artificial intelligence, bolstering the chip maker's attack on Nvidia's NVDA 1.40%increase; green up pointing triangle dominance in AI computation.
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