4/4, 2:13 PM (Source: TeleTrader)
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AMD to acquire Pensando for $1.9 billion

Advanced Micro Devices Inc. (AMD) announced on Monday that it has entered into an agreement to buy software start-up Pensando Systems Inc. for around $1.9 billion. The transaction is expected to close in the second quarter of 2022.

"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," AMD CEO Lisa Su said. "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."

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