Semiconductor giant AMD followed through with its plan to spin out ZT Systems’ server-manufacturing business.

AMD had announced a $4.9 billion buyout of ZT Systems in 2024 and unveiled plans to sell its server manufacturing business once the transaction closes. The deal was completed in March.

As part of the deal, Sanmina will become AMD's preferred manufacturing partner for new product introductions involving cloud rack and AI cluster-scale solutions. The total value of the agreement ...

AMD will sell ZT Systems' U.S.-based data center infrastructure manufacturing business to Sanmina for $3 billion in cash and stock. Sanmina will become a preferred manufacturing partner for AMD's ...

AMD shares were down 2.5% to $114.22 on Monday. Manufacturer Sanmina said it would pay up to $3 billion to chipmaker AMD for the manufacturing unit of ZT Systems. AMD bought ZT Systems for $4.9 ...

(Reuters) -AMD will sell the server-manufacturing business of recently acquired ZT Systems to Sanmina in a $3 billion deal, making the U.S.-based contract manufacturer its partner for building AI ...

AMD will sell the server-manufacturing business of recently acquired ZT Systems to Sanmina in a $3 billion deal, making the U.S.-based contract manufacturer its partner for building AI hardware as the ...

AMD is entitled to receive up to $153 million, if the deal is terminated. AMD to sell ZT Systems’ server-manufacturing business to Sanmina in $3 billion deal View all comments (0) 0 ...