AMD strikes a deal to sell ZT Systems' server-manufacturing business for $3B

Semiconductor giant AMD followed through with its plan to spin out ZT Systems’ server-manufacturing business.AMD announced on Monday that it was selling ZT Systems’ server-manufacturing business to electronic manufacturing services company Sanmina. The $3 billion deal is a mix of cash and stock: $2.25 billion in cash, a $300 million premium including 50% cash and 50% equity, and a $450 million contingent payment based on financial performance over the next three years, according to Reuters. The deal is exp ...