AMD Plans to Acquire Cloud Startup ‘Pensando’ for $1.9 Billion in Cash

On Monday, chip designer Advanced Micro Devices has announced its plans to acquire cloud startup Pensando for $1.9 billion to strengthen its data center products and capitalize on soaring demand from cloud and enterprise sectors. AMD’s Pensando acquisition deal value does not comprise working capital and other adjustments. Furthermore, the firm’s products comprise a programmable […]