BEAMSTART Logo

AMD Bets Big On AI With $4.9B ZT Systems Deal: Goldman Sachs Highlights '1,000 Engineers' Driving Competitive Edge

Benzinga LogoBenzinga13h ago

AMD Bets Big On AI With $4.9B ZT Systems Deal: Goldman Sachs Highlights '1,000 Engineers' Driving Competitive Edge - Benzinga

Quick Summary:

Key Motivations Behind The Deal

Hari explained that the primary driver behind AMD’s acquisition of ZT Systems is the potential to bolster its presence in the AI data center market, an industry projected to be worth $400 billion by 2027.“The acquisition of ZT Systems will bring in ~1,000 engineers with systems design and rack-scale solutions expertise that would augment AMD’s silicon ...

Advanced Micro Devices Inc.(NASDAQ:AMD) announced on Monday its $4.9 billion acquisition of ZT Systems, highlighting the company’s aggressive expansion into the AI and data center markets, according to Goldman Sachs analyst Toshiya Hari.

More Pictures

AMD Bets Big On AI With $4.9B ZT Systems Deal: Goldman Sachs Highlights '1,000 Engineers' Driving Competitive Edge - Benzinga (Picture 1)

or

Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 13:07:23 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 482 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22178962

View Article Analysis

About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 29 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "AMD Bets Big On AI With $4.9B ZT Systems Deal: Goldman Sachs Highlights '1,000 Engineers' Driving Competitive Edge" has 482 words across 17 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "AMD Bets Big On AI With $4.9B ZT Systems Deal: Goldman Sachs Highlights '1,000 Engineers' Driving Competitive Edge" was covered 13 hours ago by Benzinga, a news publisher based in United States.

How trustworthy is 'Benzinga' news outlet?

Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly technology news.

The outlet is headquartered in United States and publishes an average of 29 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #22178962
  • URL: https://beamstart.com/news/amd-bets-big-on-ai-17241600275634

More News from Benzinga

Latest Jobs

More Technology News

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2024 BEAMSTART. All Rights Reserved.