The shares of the American company Advanced Micro Devices (AMD) rose 3% on Wall Street on Monday after the company announced the purchase of ZT Systemsan artificial intelligence (AI) infrastructure provider, for $4.9 billion. The transaction includes a contingent payment of up to $400 million based on “certain post-closing milestones”and the firm expects the transaction to be accretive “by the end of 2025,” according to adjusted metrics. The purchase has already been unanimously approved by AMD’s board of directors and is expected to close in the first half of next year. Based in Secaucus, New Jersey, ZT Systems has over 15 years of experience in designing and implementing AI computing and storage infrastructure in data centers at scale for the world's largest cloud companies. The firm says this move is part of its strategy to «deliver AI leadership training and inference solutions based on innovation in silicon, software and systems.» Over the past 12 months, AMD has invested more than $1 billion to «expand» its AI ecosystem and «strengthen the company's AI software capabilities.» Following the closing of the transaction, ZT Systems to join AMD's data center solutions business groupZT CEO Frank Zhang will lead the manufacturing business, and ZT President Doug Huang will lead the design and customer enablement teams, both reporting to AMD Executive Vice President and General Manager Forrest Norrod. In addition, AMD «will seek a strategic partner to acquire the data center infrastructure manufacturing business» «US-based industry leader ZT Systems.» «Our acquisition of ZT Systems is the next big step in our long-term AI strategy to deliver leadership training and inference solutions that can be rapidly deployed at scale to cloud and enterprise customers,» said AMD President and CEO, Lisa Su.