AMD, the chipmaker hot on the heels of Nvidia in the AI race, today 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 deal is a mix of cash and stock and includes a contingent payment of up to $400 million if certain performance metrics are met.
The plan is to incorporate ZT Systems’ computing infrastructure design business. AMD said it will look to sell ZT Systems’ data center infrastructure manufacturing business to “a strategic partner.” (TechCrunch)