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AMD to sell ZT Systems' manufacturing business to Sanmina in $3 billion deal
Chipmaker AMD agreed on Monday to sell the data center infrastructure manufacturing business of recently acquired ZT Systems to Sanmina in a $3 billion deal, making the contract manufacturer its partner for building AI computing systems. Under the terms of the agreement, Sanmina will pay $2.25 billion in cash, along with $300 million premium consisting of 50% cash and 50% equity. The deal also includes a $450 million contingent consideration based on financial performance of the business over the next three years.
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finance.yahoo.com
AMD to sell ZT Systems' manufacturing business to Sanmina in $3 billion deal
Chipmaker AMD agreed on Monday to sell the data center infrastructure manufacturing business of recently acquired ZT Systems to Sanmina in a $3 billion deal, making the contract…
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wsj.com
Regeneron to Buy 23andMe Out of Bankruptcy for $256 Million
The move raises privacy concerns as the drugmaker takes control of the genetic data of millions of clients of the once-sizzling DNA-testing startup.
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Nvidia stock wavers as market turmoil eclipses AI chip announcements
Nvidia stock pared losses Monday as market turmoil overshadowed AI chip news during the Computex Taipei tech expo.
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upi.com
Regeneron Pharmaceuticals to pay $256 million for 23andMe in bankruptcy sale - UPI.com
Regeneron Pharmaceuticals announced Monday it plans to purchase human genetics and biotechnology firm 23andMe from bankruptcy protection in a $256 million deal.
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huffpost.com
23andMe Sold To Biotechnology Company For $256 Million
The acquisition comes two months after the genetic testing company filed for Chapter 11 bankruptcy protection.