AMD Expands AI Portfolio With $4.9B Purchase of ZT Systems
AMD(AMD) Investopedia·2024-08-19 22:16
Key TakeawaysAdvanced Micro Devices is adding to its artificial intelligence (AI) portfolio by purchasing data center infrastructure provider ZT Systems.AMD valued the acquisition at 400 million depending on certain milestones being reached.CEO Dr. Lisa Su said adding ZT Systems was the next major step in AMD's long-term AI strategy. Advanced Micro Devices (AMD) took another big step in expanding its reach into artificial intelligence (AI) with the purchas ...