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AMD announces new $1.9 billion investment: buys cloud technologies company Pensando

AMD, one of the giant names in the chip market, announced that it will buy Pensando, which is known for its data center technologies. The new deal is expected to be completed in the coming months.
 AMD announces new $1.9 billion investment: buys cloud technologies company Pensando
READING NOW AMD announces new $1.9 billion investment: buys cloud technologies company Pensando

Giant chip manufacturer AMD announced that it will buy Pensando, known for cloud technologies, for $ 1.9 billion to meet the increasing demand for data center computing. Today, Pansendo, which has a wide customer portfolio including IBM Cloud, Microsoft Azure and Oracle Cloud, offers 8 to 13 times higher performance compared to its competitors with its own cloud solutions.

Developing data center solutions

Saying that building a data center with the best performance, security, flexibility and low cost will require a wide variety of computing engines, AMD president and CEO Dr. “With our acquisition of Pensando, we have added a leading distributed services platform to our portfolio of high-performance CPUs, GPUs, FPGAs and adaptive SoCs. The Pensando team brings world-class expertise and a proven track record of innovation at the chip, software and platform levels that expand our ability to deliver leadership solutions for our cloud, enterprise and edge customers.”

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Added 1 day ago

We can say that it will further strengthen this position with the acquisition of Pansendo. The agreement is expected to be completed by the second half of 2022.

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