Sanmina paid $3 billion in cash and stock, and under the terms of the deal, AMD will retain ZT Systems' AI systems design businesses while working with Sanmina as a US-based preferred new production introduction (NPI) manufacturing partner for its AI rack and cluster-scale systems.

Sanmina Corporation ("Sanmina") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today announced that it has entered into a definitive agreement to acquire the data center infrastructure manufacturing business of ZT Systems,

Semiconductor giant AMD followed through with its plan to spin out ZT Systems’ server-manufacturing business.