AMD to acquire infrastructure player ZT Systems for $4.9B to amp up its AI ecosystem play
AMDAMD(AMD) TechCrunch·2024-08-19 18:38

AMD, the chipmaker hot on the heels of Nvidia in the AI computing race, today announced a big acquisition to boost its position as an “ecosystem” partner for companies building big artificial intelligence computing businesses: it announced that it will acquire ZT Systems, which provides compute design and infrastructure for so-called “hyperscalers” (the biggest technology firms) for AI, cloud and more general purpose computing, for $4.9 billion. The deal is a mix of cash and stock and includes what AMD desc ...