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AMD strikes a deal to sell ZT Systems’ server-manufacturing business for $3B
AMD announced plans to divest ZT Systems' server-manufacturing business when it acquired the company in 2024.
AMD announced on Monday that it was selling ZT Systems’ server-manufacturing business to electronic manufacturing services company Sanmina. After this divestiture, AMD will maintain control of ZT Systems’ rack-scale AI solutions design business. “By combining the deep experience of our AI systems design team with our new preferred NPI partnership with Sanmina, we expect to strengthen our U.S-based manufacturing capabilities for rack and cluster-scale AI systems and accelerate quality and time-to-market for our cloud customers,” said Forrest Norrod, executive vice president and general manager, data center solutions business unit at AMD, in the company’s announcement.
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