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Sanmina Corporation completed its acquisition of the ZT Systems data center infrastructure manufacturing business from AMD. The deal positions Sanmina as a leader in the Cloud and AI end-market and includes a strategic partnership where Sanmina becomes a preferred NPI manufacturing partner for AMD.
Sanmina announced a definitive agreement to acquire the data center infrastructure manufacturing business of ZT Systems from AMD for $2.55 billion in cash and equity, plus up to $450 million in contingent consideration. The deal is expected to close post-regulatory approvals.