On August 17, 2024, Advanced Micro Devices, Inc. (AMD), a Delaware corporation, entered into a definitive Stock Purchase Agreement to acquire all shares of common stock of ZT Group Int'l, Inc., a New Jersey corporation, from its selling stockholders. The total equity value of the transaction is up to $4.9 billion, including contingent consideration. The deal includes a mix of AMD common stock and cash, with additional contingent consideration based on post-closing conditions. The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close by the first half of 2025. AMD plans to issue shares as part of the consideration and intends to file a registration statement for the resale of these shares post-closing. The acquisition...Show More

On August 17, 2024, Advanced Micro Devices, Inc. (AMD), a Delaware corporation, entered into a definitive Stock Purchase Agreement to acquire all shares of common stock of ZT Group Int'l, Inc., a New Jersey corporation, from its selling stockholders. The total equity value of the transaction is up to $4.9 billion, including contingent consideration. The deal includes a mix of AMD common stock and cash, with additional contingent consideration based on post-closing conditions. The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close by the first half of 2025. AMD plans to issue shares as part of the consideration and intends to file a registration statement for the resale of these shares post-closing. The acquisition aims to expand AMD's data center AI systems capabilities and accelerate the deployment of optimized rack-scale solutions. ZT Systems brings extensive AI systems expertise, complementing AMD's silicon and software capabilities. AMD also plans to seek a strategic partner to acquire ZT Systems' manufacturing business post-acquisition. The transaction was announced in a joint press release on August 19, 2024, and is expected to be accretive on a non-GAAP basis by the end of 2025.