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AMD Acquires SeaMicro For $334M

By TechTaffy Desk

[Techtaffy Newsdesk]

AMD has signed a definitive agreement to acquire microserver company SeaMicro, for approximately $334 million, of which approximately $281 million will be paid in cash.

AMD plans to offer the first AMD Opteron processor-based solutions that combine AMD and SeaMicro technology in the second half of 2012.

Rory Read (President and CEO, AMD):  By acquiring SeaMicro, we are accelerating AMD’s transformation into an agile, disruptive innovator capable of staking a data center leadership position.

Andrew Feldman, SeaMicro CEO, will become general manager of AMD’s newly created Data Center Server Solutions business.

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