Pensando Bought By AMD For $1.9 Billion
Network Technology company Pensando has been acquired by chip maker Advanced Micro Devices Inc. (AMD). AMD are set to spend US$1.9 billion on the company, before working capital and other adjustments.
The acquisition is part of AMD’s efforts to resurrect their data center chip business, the main rival of which is Intel. This sector is responsible for processors designed to run internet and networks in the corporate world. Pensando is a company that has worked with AMD for some time now, and their purchase by AMD will allow the company to better develop network microprocessors with added functionality such as programmable chips, graphics parts and data packet processing chips.
Currently, demand for chips that fit network run machinery is growing rapidly.
CEO of AMD, Lisa Su stated that “To build a leading-edge data center with the best performance, security, flexibility and lowest total cost of ownership requires a wide range of compute engines,”
“The Pensando team brings world-class expertise and a proven track record of innovation at the chip, software and platform level which expands our ability to offer leadership solutions for our cloud, enterprise and edge customers.”