AMD buys SeaMicro, enters server hardware business
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Advanced Micro Devices announced Wednesday it is buying low-power server vendor SeaMicro, a surprise move that puts AMD in the systems business and disrupts Intel by acquiring one of its close partners.
AMD will pay $334 million in cash and stock for SeaMicro, a 40-employee Silicon Valley startup that has gained attention for building highly dense and power-efficient servers for use in large-scale cloud computing environments. SeaMicro CEO Andrew Feldman will become general manager of a new division at AMD, the Data Center Server Solutions group. »read more
More at: InfoWorld Add additional source
Filed in: Desktop ComputersAMD