AMD Seals the Deal on $334 Million SeaMicro Acquisition
Advanced Micro Devices (AMD) kicked off the weekend by wrapping up its acquisition of server startup SeaMicro for a cool $334 million. It didn't take long to draw up the paperwork and work through the legalities of the more than quarter-of-a-billion dollar buyout, which was first announced less than four weeks ago.
"Our unique fabric technology is truly one of the crown jewels of the cloud," said Lisa Su, senior vice president and general manager, Global Business Units, AMD. "The combination of this innovative technology with our processor design expertise greatly enhances our ability to attack the fastest growing portion of the server market with industry-leading low-power, low-cost, high-bandwidth solutions."
SeaMicro SM10000-64 server
SeaMicro instantly becomes AMD's Data Center Server Solutions business, which AMD says will accelerate its strategy to deliver disruptive server technology and provide is cloud customers with differentiated AMD-based solutions. Perhaps equally important is the fact that AMD managed to snag SeaMicro up before Intel, which has ties with the server company via its Atom platform. However, Intel's Diane Bryant also said earlier this month that company suits weren't particularly impressed with SeaMicro's technology and that a buyout was never in Intel's cards to begin with.
"Our unique fabric technology is truly one of the crown jewels of the cloud," said Lisa Su, senior vice president and general manager, Global Business Units, AMD. "The combination of this innovative technology with our processor design expertise greatly enhances our ability to attack the fastest growing portion of the server market with industry-leading low-power, low-cost, high-bandwidth solutions."
SeaMicro SM10000-64 server
SeaMicro instantly becomes AMD's Data Center Server Solutions business, which AMD says will accelerate its strategy to deliver disruptive server technology and provide is cloud customers with differentiated AMD-based solutions. Perhaps equally important is the fact that AMD managed to snag SeaMicro up before Intel, which has ties with the server company via its Atom platform. However, Intel's Diane Bryant also said earlier this month that company suits weren't particularly impressed with SeaMicro's technology and that a buyout was never in Intel's cards to begin with.
