ADVANCED MICRO DEVICES INC (AMD): M&A transaction — AMD closes $2.4B+ cash-and-stock sale of ZT manufacturing biz to Sanmina

ADVANCED MICRO DEVICES INC

Sanmina issued 1,151,052 shares of SANM common stock and paid $2.4B in cash (subject to adjustments) to AMD.
AMD eligible for up to $450M additional contingent cash consideration if certain conditions met post-closing.
AMD retains ZT Systems' rack-scale AI design and customer enablement teams; Sanmina becomes preferred NPI manufacturing partner.
Transaction closed October 27, 2025; partnership aims to accelerate quality and time-to-deployment for cloud AI customers.
Sanmina brings U.S.-based manufacturing strength; AMD extends data center strategy from silicon to full systems.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.98

ADVANCED MICRO DEVICES INC completed a disposition involving Sanmina Corporation for 1,151,052 shares of Sanmina common stock and $2.4 billion in cash, subject to certain purchase price adjustments, plus eligible contingent consideration of up t (closed 2025-10-27).

Action: disposition
Counterparty: Sanmina Corporation
Consideration: 1,151,052 shares of Sanmina common stock and $2.4 billion in cash, subject to certain purchase price adjustments, plus eligible contingent consideration of up t
Closing: 2025-10-27

Exact text from the filing

Equity Sale. Item 2.01 Completion of Acquisition or Disposition of Assets. On the Closing Date, pursuant to the terms of the Purchase Agreement, Sanmina (a) issued to the Seller 1,151,052 shares of Sanmina common stock, and (b) paid, or will cause to be paid, to the Seller $2.4 billion in cash, subject to certain purchase price adjustments (collectively, the

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Source: SEC EDGAR

accession 0001193125-25-250803

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