AMD Building Momentum in Data Centers With Acquisition of Pensando
Advanced Micro Devices (NASDAQ: AMD) is shopping again. Just a couple of months after putting the final wrap on its mega-merger with fellow chip designer Xilinx, AMD just announced it's acquiring data center solution specialist Pensando for $1.9 billion.
Data center upgrades are happening en masse right now, and it's a total land grab for the semiconductor industry. AMD's latest move gets it some new chips, as well as a play on enterprise-grade cloud software. Let's take a closer look at what the Pensando acquisition might mean for AMD and its investors.
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Source Fool.com
