AMD Confirms Acquistion of ZT Systems for USD 4.9 Billion To Address USD 400 Billion Data Center AI Accelerator Opportunity in 2027

AMD has signed an agreement to acquire the leading hyperscale solution provider, ZT Systems, to expand its data centre AI systems significantly. AMD chairman and CEO Lisa Su said that after the acquisition, the company would combine its silicon, software, and ZT's AI system expertise and move towards the rapid deployment of artificial intelligence solutions for the cloud and its customers. AMD has confirmed that the acquisition of ZT Systems would be valued at USD 4.9 billion, and it would include a USD 400 million contingent payment on certain post-closing milestones. This acquisition will address a USD 400 billion data centre AI opportunity in 2027. Nothing To End Work From Home: UK-Based Smartphone Company To Stop Remote Work, CEO Carl Pei Says, ‘Not Compatible With Our Business’.

AMD CEO Lisa Su Confirmed Company Would Acquire ZT Systems

Very excited to announce we have signed an agreement to acquire leading hyperscale solutions provider @ZTSystems. Next major step in our AI strategy combining our silicon, software and ZT’s world class systems expertise to enable rapid deployment of @AMD AI solutions at scale for… pic.twitter.com/jgla2cWDdV

— Lisa Su (@LisaSu) August 19, 2024

(The above story first appeared on LatestLY on Aug 19, 2024 05:30 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).