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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.

Advanced Micro Devices (AMD) headquarters in Santa Clara, California, U.S.

Photographer: David Paul Morris/Bloomberg
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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.