M&A Deal Summary

AMD Acquires ZT Systems

On August 19, 2024, AMD acquired information technology company ZT Systems for 4.9B USD

Acquisition Highlights
  • This is AMD’s 2nd transaction in the Information Technology sector.
  • This is AMD’s 3rd largest (disclosed) transaction.
  • This is AMD’s 10th transaction in the United States.
  • This is AMD’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2024-08-19
Target ZT Systems
Sector Information Technology
Buyer(s) AMD
Deal Type Add-on Acquisition
Deal Value 4.9B USD
Advisor(s) Goldman Sachs (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

ZT Systems

Secaucus, New Jersey, United States
ZT Systems supplies hyperscale server solutions for cloud computing and artificial intelligence. The company delivers with a mission of empowering its digital world with the most advanced technology infrastructure for cloud and AI. ZT Systems is based in Secaucus, New Jersey.

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Buyer(S) 1

Buyer

AMD

Santa Clara, California, United States

Category Company
Founded 1969
Sector Semiconductors
Employees28,000
Revenue 25.8B USD (2024)
DESCRIPTION
Advanced Micro Devices' corporate headquarters in Sunnyvale, California.
Advanced Micro Devices' corporate headquarters in Sunnyvale, California.

AMD is a multinational semiconductor company that develops computer processors and related technologies for commercial and consumer markets. AMD was founded in 1969 and is based in Santa Clara, California.


DEAL STATS #
Overall 13 of 15
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 13 of 15
State: New Jersey M&A 1 of 1
Country: United States M&A 10 of 12
Year: 2024 M&A 2 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-10 Silo AI

Helsinki, Finland

Silo AI connects AI scientists with real-world problems and helps companies succeed in building cutting-edge AI. The company provides state-of-the-art AI expertise and tooling, having delivered over 200+ production-level AI projects to date. Silo AI was founded in 2017 and is based in Helsinki, Finland.

Buy $665M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-28 Enosemi

Sacramento, California, United States

Enosemi is a fabless semiconductor company that develops and licenses silicon photonics design IP and custom silicon solutions for applications in connectivity, computing, sensing, medical devices, and biotechnology. Enosemi was founded in 2023 and is headquartered in Sacramento, California.

Buy -