AMD acquires ZT Systems for $4.9 billion to further advance AI strategy

AMD recently announced that it will acquire server manufacturer ZT Systems for $4.9 billion, 75% of which will be paid in cash and the rest in stock. This move marks an important step for AMD in its AI strategy. ZT Systems is one of the world's largest hyperscale computing companies and a leading AI infrastructure provider with extensive AI system expertise. This acquisition will help AMD provide more advanced AI training and reasoning solutions.