AMD Acquires ZT Systems to Expand Data Center AI Systems Capabilities

August 19, 2024

AMD has signed a definitive agreement to acquire ZT Systems for $4.9 billion in a cash-and-stock deal (including up to $400 million contingent payment). The acquisition brings ZT Systems' hyperscale data center systems design, integration and manufacturing capabilities into AMD's Data Center Solutions Business Group to accelerate AMD's AI training and inference infrastructure offerings.

Buyers
AMD
Targets
ZT Systems
Industry
IT Services
Location
New Jersey, United States
Transaction Type
Buyout

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