Author: Travis Scott

Sanmina Completes Acquisition of ZT Systems Data Center Infrastructure Manufacturing Business from AMD

Posted on by Travis Scott

Transformational Acquisition Complements Sanmina’s Comprehensive Capabilities, Accelerates Entry into Cloud and AI Market

SAN JOSE, Calif., Oct. 27, 2025 /PRNewswire/ — Sanmina Corporation (“Sanmina”) (NASDAQ: SANM), today announced it has completed its acquisition of the ZT Systems data center infrastructure manufacturing business from AMD (NASDAQ: AMD). The combination positions Sanmina as a leader in the Cloud and AI end-market, enabling the company to further capitalize on significant growth opportunities.

As part of the agreement, Sanmina and AMD have committed to a strategic partnership where Sanmina is a U.S.-based, preferred new product introduction (NPI) manufacturing partner to accelerate quality and time-to-deployment of AMD cloud rack and cluster-scale AI solutions.

“I am pleased we were able to close the acquisition quickly and ahead of schedule,” stated Jure Sola, Chairman and CEO of Sanmina Corporation. “The addition of ZT Systems significantly enhances our scale and deepens our engagement within the fast-growing Cloud and AI end-market. It expands our industry-leading capacity, bolsters our comprehensive end-to-end capabilities and reinforces Sanmina’s position as a trusted partner for mission-critical digital infrastructure globally. Our strategic partnership with AMD will bring solutions from concept to deployment with quality, speed and flexibility at scale. We are thrilled to officially welcome the ZT Systems team to Sanmina.”

Compelling Strategic Rationale

• Increased Scale and High-Value End-Market Exposure: The addition of ZT Systems significantly enhances Sanmina’s position in the fast-growing Cloud and AI end-market.

• Broadens and Deepens Cloud and AI Hyperscaler Customer Relationships: Through this transaction, Sanmina is well-positioned to both expand and deepen relationships with existing customers by offering a more comprehensive, integrated solution from a trusted partner, while also adding new customers through ZT Systems’ relationships with hyperscalers.

• Brings Industry-Leading Manufacturing Capacity and Know-How to Sanmina’s Existing Footprint: ZT Systems brings large state-of-the-art manufacturing facilities located in New Jersey and Texas, with large amounts of power and advanced liquid cooling capabilities, as well as an operation in the Netherlands, complementing Sanmina’s existing U.S. and global manufacturing footprint.

• Reinforces Sanmina’s Capabilities as a Leading End-To-End Manufacturing Partner for Mission-Critical Technologies: The combination enhances Sanmina’s position as an industry leader and bolsters the Company’s opportunities to capitalize on the increased demand for data center infrastructure. The addition of ZT Systems’ capabilities to Sanmina’s global portfolio, mission-critical technologies and vertical integration enables solutions for the entire product lifecycle: design, engineering, manufacturing and fulfillment.

• Enhances Sanmina’s Ability to Support a Broad Customer Base in the Cloud and AI End-Market: The addition of ZT Systems establishes Sanmina’s position in the Cloud and AI end-market, creating an all-encompassing offering with the addition of full systems integration at scale. Sanmina will now have the capabilities needed to partner closely with both hyperscaler and OEM customers across all platforms and technologies in the industry.

Conference Call Information

Sanmina will hold a conference call to review today’s announcement and its fourth quarter and fiscal year 2025 results on Monday, November 3, 2025, at 5:00 p.m. ET (2:00 p.m. PT). The access numbers are: domestic 800-836-8184 and international 646-357-8785. The conference will also be webcast live over the Internet. You can log on to the live webcast at Sanmina IR Events. Additional information in the form of a slide presentation will be available on Sanmina’s website at www.sanmina.com. A replay of the conference call will be available for 48-hours. The access numbers are: domestic 888-660-6345 and international 646-517-4150, access code is 34375#.

About Sanmina

Sanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure markets. Sanmina has facilities strategically located in key regions throughout the world. More information about the Company is available at www.sanmina.com.

Sanmina’s Safe Harbor Statement

The statements contained herein, including those regarding the anticipated benefits of our partnership with AMD, the acquisition of ZT Systems’ manufacturing operations constitute forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current expectations, estimates, and projections about our industry, management’s beliefs, and certain assumptions made by the Company, all of which are subject to change.

Actual results may differ materially from those expressed or implied in these forward-looking statements due to a variety of factors, including but not limited to: the risk that the expected benefits from the transaction may not be realized or may take longer to realize than anticipated; adverse changes in the key markets we target, in particular the cloud and AI infrastructure sectors; the impact of recent or future changes in tariffs and trade policy, which may adversely affect our costs, supply chain, and customer demand; significant uncertainties that can cause our future sales, earnings, and cash flows to be variable; our reliance on a limited number of customers for a substantial portion of our sales; risks arising from our international operations and expansion into new geographic markets; integration risks related to combining ZT Systems’ manufacturing operations with our own; geopolitical uncertainty; and other risk factors set forth in the Company’s most recent annual and quarterly reports filed with the Securities and Exchange Commission.

The Company undertakes no obligation to (and expressly disclaims any such obligation to) update or alter any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Sanmina Contact
Paige Melching
SVP, Investor Communications
408-964-3610

Learn more about Sanmina at Sanmina.com

AMD to Significantly Expand Data Center AI Systems Capabilities with Acquisition of Hyperscale Solutions Provider ZT Systems

Posted on by Travis Scott


ZT Systems is excited to announce we have entered into an agreement to join AMD. For details, see the press release and cautionary statement below.

Thank you to our customers,  partners, and team members for the nearly 30 years of successful execution and growth that have led up to this moment.

We are proud of our accomplishments and look forward to building the future as part of the AMD family!

—

AMD to Significantly Expand Data Center AI Systems Capabilities with Acquisition of Hyperscale Solutions Provider ZT Systems

— Strategic acquisition to provide AMD with industry-leading systems expertise to accelerate deployment of optimized rack-scale solutions addressing $400 billion data center AI accelerator opportunity in 2027 —

  • * ZT Systems, a leading provider of AI and general purpose compute infrastructure for the world’s largest hyperscale providers, brings extensive AI systems expertise that complements AMD silicon and software capabilities
  • * Addition of world-class design and customer enablement teams to accelerate deployment of AMD AI rack scale systems with cloud and enterprise customers
  • * AMD to seek strategic partner to acquire ZT Systems’ industry-leading manufacturing business
  • * Transaction expected to be accretive on a non-GAAP basis by the end of 2025


SANTA CLARA, Calif. — August 19, 2024 — AMD(NASDAQ: AMD) today announced the signing of a definitive agreement to acquire ZT Systems, a leading provider of AI infrastructure for the world’s largest hyperscale computing companies. The strategic transaction marks the next major step in AMD’s AI strategy to deliver leadership AI training and inferencing solutions based on innovating across silicon, software and systems. ZT Systems’ extensive experience designing and optimizing cloud computing solutions will also help cloud and enterprise customers significantly accelerate the deployment of AMD-powered AI infrastructure at scale.

AMD has agreed to acquire ZT Systems in a cash and stock transaction valued at $4.9 billion, inclusive of a contingent payment of up to $400 million based on certain post-closing milestones. AMD expects the transaction to be accretive on a non-GAAP basis by the end of 2025.

“Our acquisition of ZT Systems is the next major step in our long-term strategy to deliver leadership training and inferencing solutions that can be rapidly deployed at scale across cloud and enterprise customers,” said AMD Chair and CEO Dr. Lisa Su. “ZT adds world-class systems design and rack-scale solutions expertise that will significantly strengthen our data center AI systems and customer enablement capabilities. This acquisition also builds on the investments we have made to accelerate our AI hardware and software roadmaps. Combining our high-performance Instinct AI accelerator, EPYC CPU, and networking product portfolios with ZT Systems’ industry-leading data center systems expertise will enable AMD to deliver end-to-end data center AI infrastructure at scale with our ecosystem of OEM and ODM partners.”

Headquartered in Secaucus, New Jersey, ZT Systems has more than 15 years of experience designing and deploying data center AI compute and storage infrastructure at scale for the largest global cloud companies. ZT Systems’ design, integration, manufacturing and deployment capabilities have made them one of the leading providers of AI training and inference infrastructure.

“We are excited to join AMD and together play an even larger role designing the AI infrastructure that is defining the future of computing,” said Frank Zhang, CEO of ZT Systems. “For almost 30 years we have evolved our business to become a leading provider of critical computing and storage infrastructure for the world’s largest cloud companies. AMD shares our vision for the important role our technology and our people play designing and building the computing infrastructure powering the largest data centers in the world.”

Following transaction close, ZT Systems will join the AMD Data Center Solutions Business Group. ZT CEO Frank Zhang will lead the manufacturing business and ZT President Doug Huang will lead the design and customer enablement teams, both reporting to AMD Executive Vice President and General Manager Forrest Norrod. AMD will seek a strategic partner to acquire ZT Systems’ industry-leading U.S.-based data center infrastructure manufacturing business.

The acquisition of ZT Systems marks the latest in a series of investments by AMD to significantly strengthen the company’s AI capabilities. In the last 12 months, in addition to increasing organic R&D activities, AMD has invested more than $1 billion to expand the AMD AI ecosystem and strengthen the company’s AI software capabilities.

Additional Transaction Details

The transaction has been unanimously approved by the AMD Board of Directors. The acquisition is currently expected to close in the first half of 2025, subject to certain regulatory approvals and other customary closing conditions.

Conference Call and Webcast Details

AMD will hold a conference call for the financial community at 8:30 am EDT today to discuss its plans to acquire ZT Systems. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its website at ir.amd.com. The webcast will be available for 12 months after the conference call.

Advisors

Citi is acting as acting as exclusive financial advisor to AMD and Latham & Watkins LLP is serving as its legal advisor. Goldman Sachs & Co. LLC is acting as exclusive financial advisor to ZT Systems and Paul, Weiss, LLP is serving as its legal advisor.

About AMD

For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and X pages.

About ZT Systems

ZT Systems is a leading supplier of hyperscale server solutions for cloud computing and artificial intelligence. With over 29 years of experience, ZT Systems is headquartered in Secaucus, NJ. Global manufacturing spanning the US, EMEA and APAC helps ZT Systems deliver on our mission of empowering our digital world with the most advanced technology infrastructure for cloud and AI. Learn more at ztsystems.com.

Cautionary Statement

The statements in this press release include forward-looking statements concerning Advanced Micro Devices, Inc. (AMD), ZT Systems, the proposed transaction described herein and other matters. Forward-looking statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. Forward-looking statements speak only as of the date they are made or as of the dates indicated in the statements and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will be achieved or will occur. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “pro forma,” “estimates,” “anticipates,” “designed,” or the negative of these words and phrases, other variations of these words and phrases or comparable terminology. The forward-looking statements in this press release relate to, among other things, data center AI accelerator opportunity, obtaining applicable regulatory approvals, satisfying other closing conditions to the transaction, the expected timing of the transaction, and the integration of the businesses, sale of ZT Systems’ manufacturing business, and the expected benefits, accretion, synergies and growth to result therefrom. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. These risks include, among other things: failure to obtain applicable regulatory approvals in a timely manner or otherwise; failure to satisfy other closing conditions to the transaction or to complete the transaction on anticipated terms and timing; negative effects of the announcement of the transaction; risks that the businesses will not be integrated successfully, the ability of AMD to sell ZT Systems’ manufacturing business on a timely basis or at all, or that AMD will not realize expected benefits, cost savings, accretion, synergies and/or growth, or that such benefits may take longer to realize than expected; the risk that disruptions from the transaction will harm business plans and operations; risks relating to unanticipated costs of integration and sale of ZT Systems’ manufacturing business; significant transaction, integration and separation costs, or difficulties and/or unknown or inestimable liabilities in connection with the transaction or sale of ZT Systems’ manufacturing business; restrictions during the pendency of the transaction that may impact the ability to pursue certain business opportunities or strategic transactions; the potential impact of the announcement or consummation of the transaction on AMD’s, ZT Systems’ or the combined company’s relationships with suppliers, customers, employees and regulators; and demand for AMD’s, ZT Systems’, or the combined company’s products.  For a discussion of factors that could cause actual results to differ materially from those contemplated by forward-looking statements, see the section captioned “Risk Factors” in AMD’s Annual Report on Form 10-K for the fiscal year ended December 30, 2023, subsequent Quarterly Reports on Form 10-Q and other filings with the SEC. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. AMD does not assume, and hereby disclaims, any obligation to update forward-looking statements, except as may be required by law.

Englewood Health ZT Systems Outpatient Center Opens in Jersey City

Posted on by Travis Scott

Left to right: Councilman Richard Boggiano; Mark Shapiro, MD; Councilman Yousef Saleh; Celinés Morales-Ribeiro, MD; Michael Gutter, Chairman, Board of Trustees, Englewood Health Foundation; Tina Mousouroulis, Executive Director, ZT Systems; Doug Huang, Vice President, ZT Systems; Warren Geller, President and CEO, Englewood Health; Mayor Steven Fulop; Richard Lerner, Chairman, Board of Trustees, Englewood Health; Councilman James Solomon; Stephen Brunnquell, MD, President of Englewood Health Physician Network; Rini Palathingal, MD; Helene Wolk, Chief Operating Officer, Englewood Health.

At ZT Systems, putting People First means giving back in the communities where we live and work. We’re honored to support Englewood Health in making this new facility available, and excited to see it begin delivering services to families in our neighborhoods. Thanks to all the healthcare professionals at Englewood for their outstanding work!

From Englewood Health Foundation:

Ribbon-cutting celebrates $4 million gift from ZT Systems, bringing urgent care, primary care, imaging and laboratory services, specialty care and more to Hudson County

September 21, 2022 — Physicians, local leaders, and members of the community gathered today to celebrate the opening of the Englewood Health ZT Systems Outpatient Center at 2 Journal Square.

The outpatient center is a three-floor, 73,000+ square-foot facility that offers urgent care, primary care, imaging and over a dozen specialty care services to the Hudson County community.

Conveniently located across from the PATH station, the outpatient center also offers patients free parking and easy access to public transportation. The facility brings all the expertise, resources, and existing infrastructure of the hospital to its patients in Jersey City and beyond.

“Travel should never be a barrier to comprehensive, high-quality health care,” said Warren Geller, president and CEO of Englewood Health. “That’s why we continue to expand our services throughout northern New Jersey. Our outpatient center in Jersey City will increase access to preventive care and diagnostics right where people live and work.”

For those who already receive care within the Englewood Health Physician Network—which provides primary and specialty care services across Hudson County—the outpatient center offers seamless collaboration with their referring physicians and true continuity of care.

Made possible by a historic philanthropic gift

The founding of the outpatient center was made possible by a historic philanthropic gift from ZT Systems, an international leader in the IT sector.

The $4 million gift from ZT Systems is the largest corporate pledge in Englewood Health’s history and has fueled the mission of bringing these important medical services to Hudson County.

“ZT Systems is proud to support Englewood Health in giving back to the local community by bringing urgent care, primary care, imaging and laboratory services, specialty care and more to Jersey City,” said Frank Zhang, president and CEO of ZT Systems. “The Englewood Health Foundation shares our company’s values of partnership and people first, and we are very excited to be a part of this important initiative.”

A comprehensive, outpatient medical center

Primary and specialty care
On the first floor of the outpatient center, orthopedic experts care for patients from diagnosis through rehabilitation for any orthopedic-related condition.

Primary care services are located on the second floor, as are specialties including pulmonology, gastroenterology, dermatology, neurology, bariatric and general surgery, colon and rectal surgery, behavioral health, and vascular surgery.

A diabetes center on the second floor offers patients access to diabetes education and nutritional counseling, as well as podiatry and endocrinology. Also on the second floor are hematology and oncology offices.

“For over 130 years, Englewood Health has provided personalized, compassionate care to the residents of Northern New Jersey and beyond,” said Stephen Brunnquell, MD, president of the Englewood Health Physician Network. “While our reach has included Jersey City and the people who live and work there, the addition of this new location at Journal Square will be a game changer. With increased access to expertise, services, and screenings, people will be able to get the care they need, when they need it, right in their own neighborhood.”

Imaging
Born of a need for increased access to high-quality medical imaging, Englewood Hospital Imaging at Jersey City is a full-service imaging center, offering highly sophisticated technology and advanced diagnostic testing opening to patients on October 3, 2022.

“Access to imaging services such as CT scans and MRIs enable the early detection of cancer, heart disease, joint and spine injuries, abdominal disease, and problems related to brain function,” said Mark Shapiro, MD, chief of radiology at Englewood Health. “As many of these conditions are treatable or curable in their early stages, Englewood Health’s continued efforts to expand diagnostic imaging directly improve health outcomes within our community.”

At the brand-new imaging center, a team of fellowship-trained radiologists provides same-day results, as well as urgent and emergent consultations when necessary. The facility will offer multimodal imaging using state-of-the-art equipment, including:

3T MRI – body/musculoskeletal, breast, neuro, MR elastography
128-Slice CT and full-service CT – CT angiography, cardiac CTA including FFRct
Ultrasound
Women’s imaging – 3D mammography, breast ultrasound, stereotactic biopsy
DEXA/Bone Densitometry
X-Ray
Cardiac Imaging – nuclear and non-nuclear stress testing, echocardiography, vascular lab, Holter monitor
Maternal Fetal Medicine – perinatology, high-risk obstetrical ultrasound, amniocentesis, nuchal translucency screening

Breast services

“Getting an annual mammogram in Hudson County just got easier,” said Mindy Goldfischer, MD, chief of breast imaging at Englewood Health and medical director of The Leslie Simon Breast Care and Cytodiagnosis Center at Englewood Health. “At the imaging center in Jersey City, screening mammography, diagnostic evaluations, and advanced breast procedures are performed by our breast imaging specialists. Having access to these important breast services locally will save lives.”

Englewood Health is a regional leader in breast imaging and is accredited and nationally recognized by the American College of Radiology as a Breast Imaging Center of Excellence.

In addition, Englewood Health’s breast cancer disease management team—which includes medical oncologists, breast surgeons, pathologists, radiologists, radiation oncologists, and geneticists—works together to create individual care plans for each of their patients.

Urgent Care
Located on the main level, Englewood Health Urgent Care at Jersey City offers same-day, walk-in services for adults and children with non-life-threatening injuries and illnesses, as well as preventive care services, routine vaccinations, and telemedicine. Urgent Care is open Monday through Friday, from 7 a.m. to 7 p.m., as well as Saturday and Sunday from 9 a.m. to 5 p.m.

About Englewood Health ZT Systems Outpatient Center at Jersey City
In 2021, the Englewood Health Foundation received a historic philanthropic pledge from ZT Systems, an international leader in the IT sector with headquarters in Secaucus, NJ. The $4 million pledge is the largest corporate pledge in the Englewood Health Foundation’s history. In recognition, the outpatient center in Jersey City was named the Englewood Health ZT Systems Outpatient Center at Jersey City. The three-floor, 73,000+ square-foot medical facility serves as a centralized medical hub for the health system in Hudson County, providing increased access to medical expertise, services, and screenings for the community.

To learn more about the Englewood Health Foundation and how philanthropy creates impact on patient care, visit englewoodhealthfoundation.org.