— Cloud Pioneer is Now AMD’s Data Center Server Solutions Business —
SUNNYVALE, Calif. — Mar. 23, 2012 — AMD (NYSE: AMD) today announced it completed the acquisition of SeaMicro Inc., a pioneer in energy-efficient, high-bandwidth microservers, for approximately $334 million, net of cash assumed.
The acquisition of SeaMicro, which will now become AMD’s Data Center Server Solutions business, enables AMD to accelerate its strategy to deliver disruptive server technology and provide its customers serving Cloud-centric data centers with highly-differentiated AMD-based solutions beginning this year.
“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.”
The purchase price consists of a cash payment of approximately $293 million as well as AMD’s assumption of options to purchase approximately 6,475,000 AMD shares and the issuance of approximately 322,000 shares of AMD restricted stock. This transaction is included in AMD’s first quarter of 2012 earnings guidance.