Advanced Micro Devices acquired ZT Systems (ZT Group Int'l, Inc.) for Approximately $4.9 billion (cash and stock, inclusive of up to $400 million contingent), a transaction completed in March 2025, structured as Cash and stock — $3.375 billion cash plus 8,335,849 AMD shares at close, with contingent consideration of up to 740,961 additional shares and $300 million cash.
ZT Systems (ZT Group Int'l, Inc.) operates in Data Center — hyperscale AI systems, is based in Secaucus, New Jersey. AMD acquired ZT Systems, a Secaucus, New Jersey provider of AI and general-purpose compute infrastructure for the world's largest hyperscalers, to add rack-scale systems and design expertise to its silicon and software. Announced August 19, 2024 at about $4.9 billion (cash and stock, including up to $400 million contingent) and closed March 31, 2025, AMD paid $3.375 billion cash plus roughly 8.3 million shares at close. AMD stated it would seek a strategic partner to acquire ZT's U.S.-based manufacturing business.
To deliver end-to-end data-center AI infrastructure at scale by combining AMD Instinct GPUs, EPYC CPUs, networking silicon and ROCm software with ZT's systems and rack-level design expertise, addressing a data-center AI accelerator opportunity AMD sized at $400-500 billion.
15+ years designing and deploying hyperscale AI infrastructure; world-class systems-design and customer-enablement teams Expected to be accretive on a non-GAAP basis by the end of 2025 AMD Data Center Solutions Business Group, under EVP Forrest Norrod
Our acquisition of ZT Systems is the next major step in our long-term AI strategy to deliver leadership training and inferencing solutions that can be rapidly deployed at scale across cloud and enterprise customers.Dr. Lisa Su, Chair and CEO, AMD
We are excited to join AMD and together play an even larger role designing the AI infrastructure that is defining the future of computing.Frank Zhang, CEO, ZT Systems
Advisory firms were not disclosed for this transaction.