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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.
Sanmina's $3B ZT Systems acquisition boosts AI presence, nearly doubles revenue, and could add $1+ to EPS. Read the latest ...
Hi, it’s Ryan Gould in New York, looking at a big deal in the data center world for contract manufacturer Sanmina. Also today ...
AMD (NASDAQ:AMD) offloads ZT Systems' manufacturing arm for $3 billion while snapping up its 1,200-strong engineering team to ...
AMD announced partnership with Red Hat to boost AI capabilities and modernize virtualization. AMD's GPUs are now supported on Red Hat OpenShift AI.
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