Reported about 2 months ago
Advanced Micro Devices (AMD) has announced its plan to acquire ZT Systems for $4.9 billion to enhance its AI capabilities and better compete with Nvidia, which dominates the market. The acquisition is expected to increase AMD's non-GAAP earnings by the end of 2025. While the move is seen as a step towards strengthening AMD's position in the AI chip market, analysts have mixed views on its potential impact, balancing optimism for growth against concerns over Nvidia's existing dominance.
Source: YAHOO