Advanced Micro Devices on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia.
Lisa Su , president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019.on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle
The computing requirements for AI have dictated that tech companies string together thousands of chips in clusters to achieve the necessary amount of data crunching horsepower. Stringing together the vast numbers of chips has meant the makeup of whole server systems has become increasingly important, which is why AMD is acquiring ZT Systems.
The addition of ZT Systems engineers will allow AMD to more quickly test and roll out its latest AI graphics processing units at the scale cloud computing giants such as Microsoft require, Su said.AMD plans to break off its server manufacturing business and sell it once the deal closes, as it has no plans to compete with companies such asZT Systems Chief Executive Frank Zhang will join AMD and report to AMD's data center chief, Forrest Norrod.
Technology Breaking News: Technology NVIDIA Corp Lisa Su Advanced Micro Devices Inc Super Micro Computer Inc Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why we're brushing off Wall Street's concerns about Advanced Micro DevicesThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Read more »
Stocks making the biggest moves after hours: Microsoft, Arista Networks, Advanced Micro Devices, Starbucks and moreThese are the stocks posting the largest moves in extended trading.
Read more »
Stocks making the biggest moves premarket: Pinterest, Match Group, Advanced Micro Devices and moreThese are some of the stocks posting the largest moves in premarket trading Wednesday.
Read more »
Wednesday's analyst calls: Super Micro Computer earnings reaction, AMD a top pickTwo names tied to the artificial intelligence trade were among the stocks being talked about by analysts on Wednesday.
Read more »
AMD Boosts GPU Server Design Capabilities With ZT Systems AcquisitionPatrick was ranked the 1 analyst out of 8,000 in the ARInsights Power 100 rankings and the 1 most cited analyst as ranked by Apollo Research. Patrick founded Moor Insights & Strategy based on in his real-world world technology experiences with the understanding of what he wasn’t getting from analysts and consultants.
Read more »
AMD’s best chip makes its debut in first handheldAMD's new Zen 5 chips are making their first appearance in handheld systems.
Read more »