AMD to Buy Cloud Startup Pensando for US$ 1,9 Billion in Data Center Push
KONTAN.CO.ID - Chip designer Advanced Micro Devices (AMD) said on Monday, it would acquire cloud startup Pensando for US$ 1,9 billion to bolster its data center products and capitalize on booming demand from cloud and enterprise sectors. AMD said the deal value does not include working capital and other adjustments.
Pensando was founded in 2017 by a group of four ex-Cisco Systems Inc engineers. The firm counts Goldman Sachs and Microsoft Corp's cloud unit Azure as its customers.
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