🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉
Login

News on Medial

AMD buys AI equipment maker for nearly $5 billion, escalating battle with Nvidia

LivemintLivemint · 4m
AMD buys AI equipment maker for nearly $5 billion, escalating battle with Nvidia

Advanced Micro Devices (AMD) is set to acquire ZT Systems, a data-center equipment designer, for nearly $5 billion. The move is aimed at strengthening AMD's presence in the market for cloud computing and artificial intelligence, and competing against Nvidia. ZT Systems designs and manufactures servers, server racks, and other infrastructure for data centers. The deal will allow AMD to offer a broader range of chips, software, and system designs to big data-center customers like Microsoft and Meta Platforms. Following the acquisition, AMD plans to sell ZT's manufacturing business while keeping its system-design business. The deal is expected to close in the first half of next year, pending regulatory approvals.

16
7
View Source

Comments

More Like this

Cisco to lay off more than 4,000 employees, lowers annual revenue forecast

Cisco to lay off more than 4,000 employees, lowers annual revenue forecast

AMD forecasts $45 billion AI chip market this year

AMD forecasts $45 billion AI chip market this year

NVIDIA-backed Cohere lays off 5% of staff after $500 mn fundraise

NVIDIA-backed Cohere lays off 5% of staff after $500 mn fundraise

AMD to acquire AI software startup in effort to catch Nvidia

AMD to acquire AI software startup in effort to catch Nvidia

Could AMD break Nvidia’s chokehold on chips?

Could AMD break Nvidia’s chokehold on chips?

Elon Musk compares the AI race to playing poker — you need to spend billions every year just to sit at the table

Elon Musk compares the AI race to playing poker — you need to spend billions every year just to sit at the table

AMD forecasts $2 billion sales of AI chips, helping shares rebound

AMD forecasts $2 billion sales of AI chips, helping shares rebound

AMD’s piece of the AI pie will need to prove sticky

AMD’s piece of the AI pie will need to prove sticky

Lisa Su is CEO of AMD — and Jensen Huang's cousin. Here's how she became a billionaire.

Lisa Su is CEO of AMD — and Jensen Huang's cousin. Here's how she became a billionaire.

AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock

AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock

Download the medial app to read full posts, comements and news.