AMD's Bold Move: Selling ZT Systems' Server Manufacturing to Sanmina for a Cool $3 Billion!
In a landmark deal, AMD is offloading ZT Systems' server-manufacturing business to manufacturing behemoth Sanmina for $3 billion. This deal, designed to let AMD focus on high-performance AI solutions and design, encompasses $2.25 billion in cash, and a juicy $300 million premium - half in cash, half in equity. There's also a potential $450 million performance-based kicker on the horizon. The move aligns perfectly with AMD's AI strategy, enabling them to concentrate on innovation while partnering with Sanmina for manufacturing prowess. Expected to close by the end of 2025, this shift is sending ripples through the tech world!
May 20