EU to Rule on AMD's $4.9B ZT Systems Acquisition by March 12
European antitrust regulators are set to decide on the approval of AMD's $4.9 billion bid for ZT Systems by March 12, according to a European Commission filing.
AMD's proposed acquisition, announced in August 2023, aims to enhance its portfolio of AI chips and hardware, bolstering its competitive position against Nvidia.
The EU executive has the authority to greenlight the deal unconditionally, approve it with remedies, or launch a four-month probe if significant concerns arise.
ZT Systems specializes in AI infrastructure for hyperscale computing giants like Microsoft and Meta Platforms.