Acknowledging the boom in server hardware business, Advanced Micro Devices(AMD) has reportedly announced that it is going to buy low-power server vendor SeaMicro. Analysts are considering it as a surprise move that puts AMD in the systems business and disrupts Intel by acquiring one of its close partners.
For this deal, AMD is likely to pay US$334 million in cash and stock for SeaMicro, an 80-employee Silicon Valley startup that has gained attention for building highly dense and power-efficient servers for use in large-scale cloud computing environments, sources informed.
It is reportedly said that SeaMicro’s Present CEO Andrew Feldman will become General Manager of a new division at AMD, the Data Center Server Solutions group.
A person having closed information on the matter informed our team that AMD is planning to sell SeaMicro-branded servers directly to customers. However, it bought the company significantly for its technology, which AMD seeks to license other server vendors to build their own low-power systems.
Market watchers added, the latest move will be seen as a setback to Intel, which had formed a tight partnership with SeaMicro.it is worth noticing that most of the servers that SeaMicro currently sells are powered with low-power Intel Atom processors.
Fujitsu, a world renowned leading Information and Communication Technology (ICT) company based out of Japan, has made a recent announcement regarding a new system of integrated cloud products and serv...
Information provided on this page has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions.ITVoir.com, and its affiliates, information providers or content providers, shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this page, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information. ITVoir.com,its affiliates, information providers and content providers shall have no liability for investment decisions or other actions taken or made by you based on the information provided.