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- AMD to Significantly Expand Data Center AI Systems Capabilities with . . .
* AMD to seek strategic partner to acquire ZT Systems’ industry-leading manufacturing business * Transaction expected to be accretive on a non-GAAP basis by the end of 2025 SANTA CLARA, Calif — August 19, 2024 — AMD(NASDAQ: AMD) today announced the signing of a definitive agreement to acquire ZT Systems, a leading provider of AI
- Why AMD Spent $4. 9 Billion To Buy ZT Systems - The Next Platform
If AMD is willing and eager to spend $4 9 billion to buy a systems company – that is more than its entire expected haul for sales of datacenter GPUs for 2024 – then you have to figure that acquisition is pretty important And so it is with the deal to buy ZT Systems, a boutique maker of high
- AMD Completes Acquisition of ZT Systems
“With the rapid pace of innovation in AI, reducing the end-to-end design and deployment time of cluster-level data center AI systems will be a significant competitive advantage for our customers,” said Forrest Norrod, executive vice president and general manager, Data Center Solutions business unit at AMD “Acquiring ZT Systems is a
- AMD strikes a deal to sell ZT Systems server . . . - TechCrunch
When AMD announced its intent to acquire ZT Systems, an AI and cloud infrastructure company, for $4 9 billion in August 2024, the company said at the time that it planned to divest that part of ZT
- AMD Expands AI Capabilities, Acquires ZT Systems in Major $4. 9B Deal
AMD agreed to acquire ZT Systems, a provider of AI infrastructure for hyperscale computing companies, in a cash and stock transaction valued at $4 9 billion, including an earnout payment of up to
- AMD Boosts GPU Server Design Capabilities With ZT Systems . . . - Forbes
AMD acquires ZT’s rack-scale systems design and manufacturing assets for $4 9 billion in cash (75%) and stock (25%) This is additive to the $1 billion AMD already invested in ZT over the past year
- AMD to acquire server builder ZT Systems
Advanced Micro Devices 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
- What AMD’s $4. 9B Acquisition of ZT Systems Means for the Data Center
Silicon vendor AMD announced a strategic move to significantly expand its data center AI systems capabilities with the acquisition of ZT Systems, a leading provider of AI infrastructure for hyperscale computing companies The deal, valued at a massive $4 9 billion, marks a major step in AMD’s long-term AI strategy and is aimed at positioning the company to compete more effectively in the
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