AMD strikes a deal to sell ZT Systems' server-manufacturing business for $3B
1. AMD sells ZT Systems' server-manufacturing business to Sanmina for $3 billion. 2. Deal includes $2.25 billion cash, a $300 million premium, and $450 million contingent payment. 3. AMD retains ZT Systems' AI solutions design business post-divestiture. 4. Sanmina will be a preferred manufacturing partner for AMD's cloud solutions. 5. Deal aims to enhance AMD's U.S. manufacturing capabilities and accelerate time-to-market.