AMD to buy server maker, designer ZT Systems in US$4.9 billion challenge to Nvidia

Quick Summary:

AMD has its sights set on Nvidia, the runaway leader in the market for data centre gear needed to support AI computing.

AMD’s gains in recent years have pushed its market value to well over US$240 billion, more than twice that of long-time rival Intel.

Part of Nvidia’s expansion has been fuelled by offering chips, networking, servers, software and services, all aimed at making AI use more pervasive in the economy.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: Hong Kong

Topics: Nvidia Server Systems Market Data Business Us$4 Maker Centre Billion Manufacturing

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 09:46:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 700 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 22161956

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About SCMP

Main Topics: Business

Official Website: scmp.com

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Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 1 hours ago

Coverage Areas: Hong Kong

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #42

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