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AMD Completes $4.9bn Acquisition Of Hyperscale Server Maker ZT Systems
Will sell off manufacturing business
AMD has completed its acquisition of hyperscale server maker ZT Systems for $4.9 billion, on top of a $1bn investment the chip company previously made. ZT's US-based data center infrastructure manufacturing business is expected to be sold off this year, with AMD saying that it is in talks with 'multiple potential strategic partners.' "Acquiring ZT Systems is a significant milestone in our AI strategy to deliver leadership training and inferencing solutions that are optimized for our customers’ unique environment, ready-to-deploy at scale, and based on our open ecosystem approach that combines open-source software, industry standard networking technologies and now ZT Systems’ leadership systems design and customer enablement expertise."
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