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Advanced Micro Devices

Advanced Micro Devices latest

AMD makes a $5B purchase hoping to catch up with Nvidia
August 19th, 2024 - 09:14 GMT

AMD makes a $5B purchase hoping to catch up with Nvidia

ALBAWABA - Gaining data center capabilities that will strengthen its attempts to compete with Nvidia, Advanced Micro Devices Inc. (AMD) has reached an agreement to acquire ZT Systems, an enterprise that develops servers, in a deal that is valued at $4.9 billion and encompasses both cash and stocks. In a statement released on Monday, it was announced that ZT Systems, headquartered in Secaucus, New Jersey, would be incorporated into AMD's ...
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