AMD to acquire infrastructure player ZT Systems for $4.9B to amp up its AI ecosystem play

Posted under: Tech Move
Date: 2024-08-20
AMD to acquire infrastructure player ZT Systems for $4.9B to amp up its AI ecosystem play

AMD announced a big acquisition to boost its position as an “ecosystem” partner for companies building big AI businesses: It is acquiring ZT Systems, which provides compute design and infrastructure for AI, cloud, and general purpose computing, for $4.9 billion. The plan is to incorporate ZT Systems’ computing infrastructure design business.

Read more at: techcrunch.com