
AMD has agreed to pay $4.9 billion to acquire ZT Systems, which designs and manufactures equipment for artificial intelligence (AI) and cloud computing data centers. The deal is one of AMD’s biggest acquisitions and aligns with the chipmaker’s plans to reduce Nvidia’s dominant position in AI.
ZT Systems was founded in New Jersey in 1994. It designs and manufactures servers, server racks, and other important infrastructure for data centers. ZT Systems is one of the leading providers of AI and general-purpose compute infrastructure for hyperscale providers.