AMD is continuing its acquisition streak with the announced purchase of server supplier and cloud computing specialist ZT Systems for $4.9 billion. The acquisition is the latest in a series of steps to strengthen its AI position.
Privately-held ZT Systems, founded in 1994, works closely with chipmakers to design and deploy data center AI compute and storage infrastructure at scale for the largest global cloud companies. Its products include server solutions for storage, GPU/accelerators, high-performance computing, 5G and edge computing.
“Our acquisition of ZT Systems is the next major step in our long-term AI strategy to deliver leadership training and inferencing solutions that can be rapidly deployed at scale across cloud and enterprise customers,” said AMD CEO Lisa Su in a statement.
