AMD to Buy ZT Systems in $4.9 Billion Challenge to Nvidia
Yahoo Finance · 4 hours ago
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9 hours ago · AMD plans to pay for 75% of the ZT Systems acquisition with cash and the remainder in stock. The company had $5.34 billion in cash and short-term investments as of the second quarter.
9 hours ago · AMD acquires ZT’s rack-scale systems design and manufacturing assets for $4.9 billion in cash (75%) and stock (25%). This is additive to the $1 billion AMD already invested in ZT over the past year.
8 hours ago · AMD said it has already invested about $1 billion in building its broader ecosystem. There is a need for that enhanced approach: As AI systems grow more complex, one major priority for big tech ...
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