[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.