(Reuters) -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 to acquire ZT Systems for $4.9B, enhancing AI and data center capabilities. AMD expects the ZT Systems deal to boost adjusted earnings by late 2025. Get Discounted Real-Time Trade Alerts For a ...
In AMD's announcement, the company referred to the 2.1GHz Phenom X3 8400 and 2.3GHz Phenom X3 8600, but sources told ChannelWeb that the parts are actually designated as 8450 and 8650 to reflect the ...
AMD is buying server maker ZT Systems in a cash-and-stock deal worth $4.9 billion as the chipmaker strengthens its artificial intelligence capacity in its efforts to compete with Nvidia. AMD plans to ...
Santa Clara-based company acquires ZT Systems, which designs and distributes data center and storage infrastructure systems. Advanced Micro Devices Inc. has acquired artificial intelligence and data ...
AMD says the $4.9 billion deal to acquire the server maker is 'our next major step' in AI. AMD is continuing its acquisition streak with the announced purchase of server supplier and cloud computing ...
Advanced Micro Devices, Inc. (NASDAQ:AMD) announced on Monday that it entered into a definitive agreement with Sanmina (NASDAQ:SANM) to sell its ZT Systems’ U.S.-headquartered data center ...
Recent negative media coverage of US AI server companies ZT and Supermicro, both Nvidia clients, has raised supply chain concerns. Sources suggest that transferring AI server orders is a complex ...
Investing in US-Based High-Tech Manufacturing Jobs, Industry Leading AI Cloud Computing Technology, and Strengthened Capacity to Serve Hyperscale Customers GEORGETOWN, Texas--(BUSINESS WIRE)--ZT ...
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