AMD will sell the server-manufacturing business of recently acquired ZT Systems to Sanmina in a $3 billion deal, making the U.S.-based contract manufacturer its partner for building AI hardware as the ...

Sanmina agreed to acquire ZT Systems’ data center infrastructure manufacturing business from Advanced Micro Devices for up to $3 billion.

Semiconductor giant AMD followed through with its plan to spin out ZT Systems’ server-manufacturing business.

AMD (NASDAQ:AMD)-2.3% premarket, to sell ZT Systems’ U.S.-headquartered data center infrastructure manufacturing business to Sanmina (NASDAQ:SANM) for $3 billion in cash and stock. As part of ...

Strategic Partnership with AMD AMD will retain ZT Systems' AI systems design businesses and will work with Sanmina as a U.S.-based new product introduction (NPI) manufacturing partner of choice to ...

with these activities bought from AMD (AMD). Given the prevailing size of Sanmina, this is a very large transaction for the integrated manufacturing solutions provider, and more than warrants an ...

As part of the deal, Sanmina will become AMD's preferred manufacturing partner for new product introductions involving cloud rack and AI cluster-scale solutions. The total value of the agreement ...

Sanmina will pay AMD $2.55 billion in cash for the business, as well as a $450 million contingent consideration. AMD will retain ownership of ZT Systems' AI systems design businesses. The deal ...

AMD has announced a definitive agreement to sell its U.S.-based data center infrastructure manufacturing business, ZT Systems, to Sanmina for $3 billion in cash and stock, which includes a ...

Mr. Sola continued, "We look forward to welcoming the ZT Systems team to Sanmina and realizing the benefits of this highly strategic and accretive transaction." Strategic Partnership with AMD AMD ...

Transformational Acquisition Increases Sanmina's Scale and End-Market Exposure to Cloud and AI Infrastructure ...