Deals
AMD Buys Networking Technology Maker Pensando for $1.9 Billion
- Deal adds data packet processing chips to AMD’s offerings
- Pensando’s customers include Goldman Sachs, Microsoft Azure
Advanced Micro Devices (AMD) headquarters in Santa Clara, California, U.S.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Advanced Micro Devices Inc. is acquiring closely held Pensando Systems Inc. to add chips and software used to route information inside computer systems.
AMD will pay about $1.9 billion, before working capital and other adjustments, the Santa Clara, California-based company said in a statement. The acquisition is expected to close in the second quarter, AMD said. Pensando’s customers include Goldman Sachs Group Inc., Microsoft Corp.’s Azure, Hewlett Enterprise Co. and Oracle Corp.’s cloud unit.