US chipmaker AMD to buy AI infrastructure firm ZT Systems for $4.9B

ISTANBUL: US-based global semiconductor manufacturer AMD announced Monday that it had signed a definitive agreement to acquire artificial intelligence (AI) infrastructure provider ZT Systems for $4.9 billion. The move is a major step in AMD's AI strategy to deliver leadership AI training and inferencing solutions based on innovating across silicon, software and systems, the company said in a statement. ZT Systems' experience in designing and optimizing cloud computing solutions will also help cloud and enterprise customers significantly accelerate the deployment of AMD-powered AI infrastructure at scale, it added. "ZT adds world-class systems design and rack-scale solutions expertise that will significantly strengthen our data center AI systems and customer enablement capabilities," said AMD Chair and CEO Lisa Su, adding that the acquisition also builds on AMD's investments that aim to accelerate its AI hardware and software roadmaps. AMD has invested more than $1 billion in the last 12 months to expand i ts AI ecosystem and strengthen its AI software capabilities, said the statement. Source: Anadolu Agency