AMD (AMD) to Acquire ZT Systems for $4.9B Cash and Stock
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AMD to Significantly Expand Data Center AI Systems Capabilities with Acquisition of Hyperscale Solutions Provider ZT Systems
August 19, 2024 6:00 AM EDTÂ Strategic acquisition to provide AMD with industry-leading systems expertise to accelerate deployment of optimized rack-scale solutions addressing $400 billion data center AI accelerator opportunity in 2027
ZT Systems, a leading provider of AI and general purpose compute infrastructure for the worlds largest hyperscale providers, brings extensive AI systems expertise that complements AMD silicon and software capabilities Addition of world-class design and customer enablement teams to accelerate deployment of AMD AI rack scale systems with cloud and enterprise customers AMD to seek strategic partner to acquire ZT Systems industry-leading manufacturing... More