AMD acquires ZT Systems for $4.9B to expand AI chip and hardware portfolio against Nvidia.

AMD acquires ZT Systems for $4.9B, aiming to expand AI chip and hardware portfolio to rival Nvidia. The deal, which combines AMD's chip and software capabilities with ZT Systems' cloud services, is expected to boost AMD's AI training and inferencing services and be accretive to adjusted earnings by 2025-end. This move strengthens AMD's position in the server market and AI technology, capitalizing on high demand for AI chips.

August 25, 2024
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