AMD To Acquire Server Maker ZT Systems in $4.9 Billion Deal

AMD agreed to buy server maker ZT Systems in a cash and stock transaction valued at $4.9 billion, adding data center technology that will bolster its efforts to challenge Nvidia. From a report: ZT Systems, based in Secaucus, New Jersey, will become part of AMD’s Data Center Solutions Business Group, according to a statement Monday. AMD will retain the business’s design and customer teams and look to sell the manufacturing division. Closely held ZT has extensive experience making server computers for owners of large data centers — the kind of customers that are pouring billions into new AI capabilities. The acquisition will “significantly strengthen our data center AI systems,” AMD Chief Executive Officer Lisa Su said in the statement.