AMD Sells ZT Systems’ Server Manufacturing Arm to Sanmina for $3B


AMD Sells ZT Systems’ Server Manufacturing Arm to Sanmina for $3B

📅 - AMD and Sanmina have finalized an agreement for Sanmina to acquire the U.S.-based data center infrastructure manufacturing business of ZT Systems for approximately $3 billion in a combined cash and stock deal. The acquisition positions Sanmina as AMD's preferred manufacturing partner for new product introductions (NPI) in cloud rack and cluster-scale AI solutions.

It marks a strategic shift for AMD, which aims to enhance production speed and quality for its expanding AI systems portfolio, particularly in cloud deployments.

The transaction includes a contingent payment of up to $450 million and is subject to customary closing conditions and regulatory approvals. Completion of the [...][... Check source for end of article ...]
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