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AMD Forks Out $3.7 Billion In Cash To Buy Server Company For AI As Part Of $4.9 Billion Deal

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AMD Announces Full Support For Llama 3.1 AI Models Across EPYC CPUs, Instinct Accelerators, Ryzen AI NPUs & Radeon GPUs 1

In one of its biggest AI deals to date, AMD has announced that it is spending a whopping $4.9 billion to buy server manufacturer ZT Systems. ZT's products target a variety of industries, from 5G telecommunications to computing platforms, storage, and GPU servers, and the firm will be a part of AMD's bread and butter Data Center business division. As per the SEC filing, 75% or $3.675 billion of the deal will be financed by cash while the rest will be through stocks, with AMD expecting the deal to be completed by the first half of 2025. AMD Expects ZT […]

Read full article at https://wccftech.com/amd-forks-out-3-7-billion-in-cash-to-buy-server-company-for-ai-as-part-of-4-9-billion-deal/

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