AMD sells ZT Systems data center to Sanmina for $3 billion, strengthening U.S. manufacturing capabilities

From Yahoo Finance: 2025-05-19 15:58:00

Advanced Micro Devices, Inc. (NASDAQ:AMD) to sell ZT Systems’ U.S.-headquartered data center to Sanmina for $3 billion, with $450 million upfront cash payment. Sanmina becomes AMD’s preferred NPI partner for cloud rack and cluster-scale AI solutions. Deal expected to close by end of 2025. Transaction was announced in August 2024. CEO of AMD comments on strengthening U.S.-based manufacturing capabilities. No promotional content included in the article.



Read more at Yahoo Finance: Advanced Micro Devices to Sell ZT Systems’ Data Center to Sanmina for $3 Billion