AMD Seals $3B Deal: Sanmina Acquires ZT Systems Server Manufacturing Business

AMD has just announced a key move in its business strategy. The company, known for its semiconductor innovations, has decided to sell the ZT Systems server manufacturing sector to the electronics manufacturing services company Sanmina. This $3 billion transaction includes a $2.25 billion cash payment, a $300 million prize (half in cash and half in shares), and an additional $450 million payment subject to financial performance over the next thre…

AMD to sell ZT Systems’ data centre manufacturing unit

AMD has agreed to divest ZT Systems’ data centre infrastructure manufacturing segment to Sanmina for $3bn in a cash-and-stock deal.

In a movement that reconfigures its industrial strategy, AMD has reached a million-dollar agreement to get rid of the heaviest, and least agile part, according to them, as is ZT Systems: its manufacturing business for data centers. The operation, valued at up to $3 billion, marks a key alliance of AMD, ZT Systems with Sanmina, a titan of technological assembly, while Lisa Su’s retain what really interests her: the talent in design and support fo…

AMD Seals $3B Deal: Sanmina Acquires ZT Systems Server Manufacturing Business

BitcoinWorld AMD Seals $3B Deal: Sanmina Acquires ZT Systems Server Manufacturing Business In a significant move impacting the technology sector and the underlying infrastructure that powers everything from cloud computing to advanced AI and potentially even complex blockchain operations, semiconductor giant AMD has finalized a major strategic divestiture. Following through on a previously announced plan, AMD is selling the Server Manufacturing …

AMD sells ZT Systems’ server unit to Sanmina for $3 billion

AMD has completed its plan to spin out ZT Systems’ server-manufacturing business, announcing on Monday that it is selling the division to electronic manufacturing services company Sanmina for $3 billion. The deal is structured as a mix of cash and stock: $2.25 billion in cash, a $300 million premium split equally between cash and equity, and a $450 million contingent payment based on financial performance over the next three years. The transacti…

AMD retains the design business for ZT Systems' AI systems and sells the data center business. AMD is cutting back a good three billion US dollars for this.