AMD plans to add Pensando’s distributed services platform to its own CPU, GPU, FPGA, and SoC portfolio. Here are the top-line bullets you need to know.
Advanced Micro Devices (AMD), a multinational semiconductor company, has acquired Pensando Systems, a distributed computing startup, for $1.9B. The deal is expected to close in Q2’22.
WHO ARE THE PARTIES TO THE DEAL?
- Pensando Systems: California-based Pensando offers solutions to help data centers address increasing computing demand. Its partners and customers have deployed 100K+ Pensando platforms over the past 5 years. Some of its clients include Goldman Sachs, Microsoft Azure, IBM Cloud, and Oracle Cloud. The startup has offices in California and India.
- Advanced Micro Devices: California-based AMD develops computer processors and related technologies for businesses and consumers. The company reported generating $16.4B in revenue in 2021, up 68% year-over-year. AMD is supported by a global team of around 15.5K employees and maintains operations across 50 global locations.
Source: Pensando
WHY DOES THE MARKET MATTER?
- The global data center chip market is expected to reach a value of $15.6B by 2025, growing at a CAGR of 9.4%, according to Allied Market Research.
- The advancement of cloud computing and chip technologies as well as the increasing institution of regulations surrounding data center localization have contributed to market growth.
