Sees deal accretive on an adjusted basis by end 2025 (Il Sole 24 Ore Radiocor) - New York, 19 Aug - The US technology group AMD said it signed a definitive agreement to acquire ZT Systems, a leading provider of AI infrastructure in a cash and stock transaction valued at 4.9 billion dollars, inclusive of a contingent payment of up to 400 million based on certain post-closing milestones.

AMD expects the acquisition to close in the first half of 2025 and to be accretive on an adjusted basis by the end of 2025.

"The strategic transaction marks the next major step in AMD's AI strategy to deliver leadership AI training and inferencing solutions based on innovating across silicon, software and systems. ZT Systems' extensive experience designing and optimizing cloud computing solutions will also help cloud and enterprise customers significantly accelerate the deployment of AMD-powered AI infrastructure at scale," AMD said.

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(RADIOCOR) 19-08-24 13:24:46 (0236) 5 NNNN