Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror
×
AMD Technology

AMD To Acquire Server Maker ZT Systems in $4.9 Billion Deal (yahoo.com) 7

AMD agreed to buy server maker ZT Systems in a cash and stock transaction valued at $4.9 billion, adding data center technology that will bolster its efforts to challenge Nvidia. From a report: ZT Systems, based in Secaucus, New Jersey, will become part of AMD's Data Center Solutions Business Group, according to a statement Monday. AMD will retain the business's design and customer teams and look to sell the manufacturing division. Closely held ZT has extensive experience making server computers for owners of large data centers -- the kind of customers that are pouring billions into new AI capabilities. The acquisition will "significantly strengthen our data center AI systems," AMD Chief Executive Officer Lisa Su said in the statement.
This discussion has been archived. No new comments can be posted.

AMD To Acquire Server Maker ZT Systems in $4.9 Billion Deal

Comments Filter:

Beware of all enterprises that require new clothes, and not rather a new wearer of clothes. -- Henry David Thoreau

Working...