AMD completes acquisition of SeaMicroBy Staff Writer 27 March 2012 | Categories: news
AMD announced that it has completed the acquisition of SeaMicro, a manufacturer of energy-efficient, high-bandwidth microservers, for around $334 million (more than R2.5 billion).
SeaMicro will now become part of AMD’s Data Centre Server Solutions business.
The purchase price consists of a cash payment of approximately $293 million (around R2.234 billion) as well as AMD’s assumption of options to purchase about 6 475 000 of AMD shares and the issuance of 322 000 shares of AMD restricted stock. This transaction is included in the CPU and GPU (graphic processing unit) maker’s Q1 2012 earnings guidance.
AMD asserts that the acquisition of SeaMicro has enabled the company to accelerate its strategy to deliver disruptive server technology. Additionally, the move is aimed providing customers that are serving Cloud-centric data centres with highly-differentiated AMD-based solutions beginning this year.
“Our unique fabric technology is truly one of the crown jewels of the Cloud,” said Lisa Su, senior vice president and general manager, Global Business Units, AMD.
“The combination of this innovative technology with our processor design expertise greatly enhances our ability to attack the fastest growing portion of the server market with industry-leading low-power, low-cost, high-bandwidth solutions,” she concluded.
In related news, AMD also recently announced two new additions to its 28 nm Radeon HD GPU line-up, namely the Radeon HD 7870 GHz Edition and the Radeon HD 7850 graphics cards.
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