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AMD sharesTheStreet
•84% Informative
Advanced Micro Devices ( AMD ) announced the signing of a definitive agreement to acquire ZT Systems , a provider of AI infrastructure.
The acquisition, valued at $4.9 billion , is expected to enhance AMD 's non-GAAP earnings by the end of 2025 .
AMD ’s CEO Lisa Su said ZT systems can help the company “sell more GPUs”.
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