AMD plans to acquire chip start-up pensando for $1.9 billion

Source: interface news

   According to the news on April 5, amd plans to acquire chip and software start-up pensando systems for $1.9 billion, and promote the M & a strategy again soon after completing the largest transaction in its history.

    The proposed acquisition, disclosed by AMD on Monday, will expand its product portfolio. The semiconductor company is repositioning its products to seize the opportunity of growing demand for chips. Pensando will add strength to AMD‘s products in the network, security and other service data center markets. These markets are growing explosively as companies increasingly adopt digital tools.

    Amd said that pensando, headquartered in Milpitas, California, produced and developed chips and software to speed up the data flow of large server farms and reduce their operating costs.

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