BRIEF-Sanmina Announces Acquisition Of Data Center Infrastructure Manufacturing Business Of ZT Systems From AMD-March 2024-www.financetom.com

BRIEF-Sanmina Announces Acquisition Of Data Center Infrastructure Manufacturing Business Of ZT Systems From AMD

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BRIEF-Sanmina Announces Acquisition Of Data Center Infrastructure Manufacturing Business Of ZT Systems From AMD

May 26, 2025 10:10 AM

May 19 (Reuters) - Advanced Micro Devices Inc ( AMD ):

* SANMINA ANNOUNCES ACQUISITION OF DATA CENTER

INFRASTRUCTURE

MANUFACTURING BUSINESS OF ZT SYSTEMS FROM AMD

* ADVANCED MICRO DEVICES INC ( AMD ) - DEAL VALUED UP TO $3 BILLION

INCLUDING CONTINGENT CONSIDERATION

* ADVANCED MICRO DEVICES INC ( AMD ) - ZT SYSTEMS ANNUAL NET REVENUE

RUN-RATE ABOUT $5-$6 BILLION

* ADVANCED MICRO DEVICES INC ( AMD ) - SANMINA SECURES $2.5 BILLION

FINANCING FROM BANK OF AMERICA

* ADVANCED MICRO DEVICES INC ( AMD ) - DEAL EXPECTED TO BE ACCRETIVE

SANMINA'SNON-GAAP EPS IN FIRST YEAR

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