{"id":16219,"date":"2024-08-19T17:26:02","date_gmt":"2024-08-19T14:26:02","guid":{"rendered":"https:\/\/forklog.com\/en\/amd-to-acquire-zt-systems-for-4-9-billion-to-boost-ai-capabilities\/"},"modified":"2024-08-19T17:26:02","modified_gmt":"2024-08-19T14:26:02","slug":"amd-to-acquire-zt-systems-for-4-9-billion-to-boost-ai-capabilities","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/amd-to-acquire-zt-systems-for-4-9-billion-to-boost-ai-capabilities\/","title":{"rendered":"AMD to Acquire ZT Systems for $4.9 Billion to Boost AI Capabilities"},"content":{"rendered":"<p>AMD has announced its acquisition of AI infrastructure developer ZT Systems for $4.9 billion, according to <a href=\"https:\/\/www.ft.com\/content\/f00c0e11-b0dd-419a-a11a-f2cc586bba08\">FT<\/a>.<\/p>\n<p>The deal will enable the American chipmaker to accelerate the deployment of its AI data center product line and compete with Nvidia&#8217;s popular graphics processors, AMD noted.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This will bring a thousand world-class design engineers to our team, allow for parallel development of silicon and systems, and most importantly, expedite the launch of the latest AI infrastructure in data centers,&#8221; commented AMD CEO Lisa Su.<\/p>\n<\/blockquote>\n<p>The transaction is expected to close in the first half of 2025, pending regulatory approval. It involves a combination of cash and stock payments, with an additional payment of up to $400 million contingent on achieving certain performance targets.<\/p>\n<p>ZT Systems collaborates with major chip manufacturers like Nvidia and Intel in the field of server solutions for data storage, graphics processors, high-performance computing, and 5G.<\/p>\n<p>Earlier, AMD <a href=\"https:\/\/forklog.com\/en\/news\/amd-targets-4-billion-in-ai-chip-sales-by-year-end\">aimed to achieve<\/a> $4 billion in revenue from AI chip sales by the end of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AMD has announced its acquisition of AI infrastructure developer ZT Systems for $4.9 billion, according to FT. The deal will enable the American chipmaker to accelerate the deployment of its AI data center product line and compete with Nvidia&#8217;s popular graphics processors, AMD noted. &#8220;This will bring a thousand world-class design engineers to our team, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1404,438,52],"class_list":["post-16219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-amd","tag-artificial-intelligence","tag-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16219"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16219\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16218"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}