The deal is expected to close by the end of 2025, subject to regulatory approval. After this divesture, AMD will maintain control of ZT Systems’ rack-scale AI solutions design business.

AMD will sell the server-manufacturing business of recently acquired ZT Systems to Sanmina in a $3 billion deal, making the U.S.-based contract manufacturer its partner for building AI hardware as ...

AMD is buying server maker ZT Systems in a cash-and-stock deal worth $4.9 billion as the chipmaker strengthens its artificial intelligence capacity in its efforts to compete with Nvidia.

Chipmaker Advanced Micro Devices (AMD) plans to focus more on its server business, a higher-margin business than its chips for desktops and laptops, even though the latter is the company's "bread ...

AMD’s server business could grow nearly five-fold in the next 6-7 years We expect AMD’s server revenue to jump from $113 million in 2016 to nearly $870 million in 2024, implying almost a 7x ...

AMD will retain the business’s design and customer teams and look to sell the manufacturing division. The purchase price includes a contingent payment of $400 million based on certain milestones.

Dan McNamara, head of AMD’s EPYC business, says he expects server CPU sales to enterprise customers will soon reach the same growth rate of the chipmaker’s overall EPYC business, which doubled ...

AMD’s server business could use a lift, noted Dean McCarron, principal analyst at Mercury Research. “They are obviously experiencing a decline and this would be a way to expand the market for ...

Reuters reports that AMD has hired J.P. Morgan to consider strategic alternatives such as selling its patent portfolio -- or the entire company. AMD says it's not actively pursuing a sale.

AMD had announced a $4.9 billion buyout of ZT Systems in 2024 and unveiled plans to sell its server manufacturing business once the transaction closes. The deal was completed in March.

AMD announced on Monday that it was selling ZT Systems' server-manufacturing business to electronic manufacturing services company Sanmina. The deal is expected to close by the end of 2025 ...