In a largely expected development, AMD has entered into a definitive agreement to sell ZT Systems’ data center infrastructure and manufacturing business to Sanmina for $3 billion. As per the terms of the deal, Sanmina will pay AMD $2.25 billion in cash, and a $300 million premium equally divided between cash and equity ($150 million each). Additionally, Sanmina will also make a contingent payment of $450 million to the chipmaker, based on the financial performance of the acquired assets over the next three years. For its part, AMD has designated Sanmina a preferred new product introduction (NPI) manufacturing partner for […]
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