AMD To Snap Hyperscale Solutions Provider ZT Systems For $4.9B Plus Potential Earnout Of Up To $400M, To Be Accretive On Adjusted Basis By 2025 End
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AMD has announced a definitive agreement to acquire ZT Systems for $4.9 billion, with an additional potential earnout of up to $400 million. The acquisition is expected to be accretive on a non-GAAP basis by the end of 2025.
August 19, 2024 | 10:04 am
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AMD is acquiring ZT Systems for $4.9 billion, with an additional potential earnout of up to $400 million. The acquisition is expected to be accretive on a non-GAAP basis by the end of 2025.
The acquisition of ZT Systems aligns with AMD's AI strategy and is expected to enhance its AI infrastructure capabilities. The deal is expected to be accretive on a non-GAAP basis by the end of 2025, which is positive for AMD's financial outlook.
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