AMD to sell ZT Systems manufacturing business to Sanmina for $3B

ADVANCED MICRO DEVICES INC

AMD sells ZT Systems' data center infrastructure manufacturing business to Sanmina for $3B in cash and stock, including up to $450M contingent payment.
Transaction expected to close near end of 2025, subject to regulatory approvals and customary closing conditions.
AMD retains ZT Systems' rack-scale AI design and customer enablement teams to accelerate AI system deployment.
Sanmina becomes AMD's preferred new product introduction (NPI) manufacturing partner for cloud rack and cluster-scale AI solutions.
Divestiture aligns with intention announced in August 2024 at the time of the original ZT Systems acquisition.

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