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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