Advanced Micro Devices Inc Stock Price, News & Analysis

AMD (NASDAQ: AMD) has announced an agreement to sell ZT Systems' data center infrastructure manufacturing business to Sanmina (NASDAQ: SANM) for $3 billion in cash and stock, including a contingent payment of up to $450 million. The transaction is expected to close by the end of 2025.

As part of the deal, AMD will retain ZT Systems' design and customer enablement teams while Sanmina becomes a preferred new product introduction (NPI) manufacturing partner for AMD's cloud rack and cluster-scale AI solutions. This divestiture aligns with AMD's previously announced intentions during the ZT Systems acquisition in August 2024.

The strategic partnership aims to strengthen AMD's U.S-based manufacturing capabilities for AI systems and accelerate quality and time-to-market for cloud customers.

AMD (NASDAQ: AMD) has announced a new $6 billion share repurchase program, expanding its total current repurchase authority to approximately $10 billion when combined with the remaining $4 billion from its existing program. CEO Lisa Su emphasized that this expansion reflects the board's confidence in AMD's strategic direction, growth prospects, and ability to generate strong free cash flow.

The company maintains flexibility in executing the program, with no set termination date and the ability to make purchases through open market or private negotiations. The timing and amount of repurchases will be market-dependent, and AMD retains the right to suspend or discontinue the program at any time.

AMD (NASDAQ: AMD) and HUMAIN, Saudi Arabia's new AI enterprise, have announced a groundbreaking $10 billion collaboration to develop the world's most advanced AI infrastructure. The partnership aims to deploy 500 megawatts of AI compute capacity over the next five years, creating a network of AMD-based AI computing centers from Saudi Arabia to the United States.

The collaboration will leverage AMD's full AI compute portfolio, including AMD Instinct GPUs, EPYC CPUs, Pensando DPUs, Ryzen AI, and the ROCm open software ecosystem. HUMAIN will manage the infrastructure deployment, including hyperscale data centers, sustainable power systems, and global fiber interconnects. The project is scheduled to activate multi-exaflop capacity by early 2026, focusing on enterprise, startup, and sovereign markets.

AMD (NASDAQ: AMD) has announced its Annual Meeting of Stockholders, scheduled for Wednesday, May 14, 2025, at 9 a.m. PDT. The meeting will be held virtually and can be accessed at virtualshareholdermeeting.com/AMD2025. Shareholders will vote on matters outlined in AMD's 2025 Proxy Statement, which along with the Annual Report on Form 10-K, is available on ir.amd.com. A real-time audio webcast will be provided, with a replay available for up to one year after the meeting.