Silicon Republic August 19, 2024
Vish Gain

CEO Dr Lisa Su said that buying ZT Systems marks the ‘next major step’ in AMD’s long-term AI strategy.

US semiconductor giant Advanced Micro Devices (AMD) has agreed to acquire New Jersey-based ZT Systems for $4.9bn as it ramps up efforts to challenge Nvidia’s dominance in AI infrastructure.

ZT Systems creates servers and data centre infrastructure that help in the development of AI systems. AMD hopes the acquisition will complement its silicon and software capabilities.

The cash and stock deal includes a contingent payment of up to $400m based on certain post-closing milestones. AMD expects to complete the acquisition in the first half of 2025.

AMD chair and CEO Dr Lisa Su said that buying ZT Systems marks the “next...

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Topics: AI (Artificial Intelligence), Mergers & Acquisitions / JV, Technology, Trends
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