AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock

AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock

AMD (AMD.O), opens new tab said on Monday it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia (NVDA.O) AMD plans to pay for 75% of the ZT Systems acquisition with cash and the remainder in stock. The company had…