AMD Sanmina AI Alliance

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Sanmina Shares Fall

AMD to sell ZT Systems' server-manufacturing business to Sanmina in $3 billion deal

AMD is selling the server-manufacturing arm of its newly acquired ZT Systems to Sanmina for $3 billion, retaining the AI design business. The deal supports AMD’s aim to boost U.S.-based production, with Sanmina becoming a key partner for AI systems manufacturing.

InvestorsHub on MSN · 6h

AMD Sells ZT Systems Manufacturing Arm for $3B, Keeps Key Engineers in AI Race Against Nvidia

AMD (NASDAQ:AMD) is sharpening its competitive edge in the data center GPU market by shedding low-margin operations while retaining critical talent. The chipmaker has agreed to sell the manufacturing unit of ZT Systems to Sanmina Corporation (NASDAQ:SANM) in a $3 billion deal announced on May 19,

MarketWatch · 17h

Sanmina Shares Fall After Deal to Buy AMD's Newly Acquired Manufacturing Company

Sanmina shares declined after the company said it agreed to acquire a data-center infrastructure manufacturing business from Advanced Micro Devices. The stock fell 5.5% to $79.89 on Monday following the news, though shares are still up 6% this year. AMD shares were down 2.5% to $114.22 on Monday.

18h

AMD and Sanmina Strike an AI Alliance

Hi, it’s Ryan Gould in New York, looking at a big deal in the data center world for contract manufacturer Sanmina. Also today ...

Yahoo Finance4d

Can Saudi AI Deals Boost AMD Over NVIDIA, and Is It a Buy?

The companies were concerned about the impact of ongoing geopolitical tensions on AI investments. However, the concerns have ebbed since Saudi Arabia and U.S. chip companies signed new deals. AMD ...

AOL10d

AMD: Is It Time to Buy the Stock Before Its AI Growth Explodes?

AMD saw several hyperscalers (owners of massive data centers) expand their use of its GPUs for generative artificial intelligence (AI) tasks, such as AI search, rankings, and recommendations.

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