AMD acquires server maker ZT Systems for $4.9B to expand AI capabilities and challenge Nvidia.

AMD acquires server maker ZT Systems for $4.9B in a cash-and-stock deal to expand AI capabilities and challenge Nvidia. The acquisition aims to accelerate deployment of AMD's latest AI graphics processing units (GPUs) at scale for cloud computing companies like Microsoft. AMD plans to sell ZT Systems' server manufacturing business after the deal closes.

August 19, 2024
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