Saturday March 24, 2012

AMD Completes $334 Million Deal for SeaMicro

Yesterday AMD announced the company had completed the transaction to purchase SeaMicro for $334 million. SeaMicro specializes in high-bandwidth microservers. The new acquisition will be known as Data Center Server Solutions. Intel was also in the running to buy SeaMicro, but was ultimately outbid by AMD. Intel has been snacking on grapes of the sour variety ever since the loss. big grin

AMD announced its bid to acquire SeaMicro late last month in a surprise move that was seen as undercutting the chip maker's main rival Intel.