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AMD Sells ZT’s AI Server Manufacturing Unit To Sanmina

  • Sanmina is acquiring the server-manufacturing unit of ZT Systems, previously acquired by AMD, for up to $3 billion.
  • The deal includes $2.25 billion in cash, $300 million in cash and equity, and a $450 million contingent consideration.
  • The acquisition aims to enhance AMD's US-based manufacturing capabilities for AI systems and consolidate its supply chain within the country.
  • AMD retains ZT Systems' design business and aims to boost AI infrastructure deployment with the help of ZT's engineers.

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