Trending: AMD to Buy AI Equipment Maker ZT Systems in $4.9 Billion Deal
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Dow Jones
09:48 ET -- Advanced Micro Devices is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. The chipmaker is buying AI-infrastructure company ZT Systems in a deal valued at $4.9 billion. AMD says the deal will bring about "the next major step in AMD's AI strategy to deliver leadership AI training and inferencing solutions based on innovating across silicon, software and systems." The deal will be conducted through a mix of cash and stock, and AMD expects it will be accretive to adjusted earnings per share by the end of 2025. Dow Jones & Co. owns Factiva. (zaeem.shoaib@wsj.com)
(END) Dow Jones Newswires
August 19, 2024 10:04 ET (14:04 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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