AMD to Acquire ZT Systems for $4.9 Billion in Cash and Stock

AMD is set to acquire ZT Systems for $4.9 billion. The transaction is a combination of cash and stock including a payment of $400 million conditional upon achieving specific performance metrics. ZT Systems specializes in designing and manufacturing computing infrastructure for AI, cloud and general-purpose computing. With over 30 years in the industry, ZT Systems has become a trusted partner for some of the world’s largest data centers.

China and Vietnam Signed 14 Agreements Covering Infrastructure, Agriculture and Trade

China and Vietnam have reinforced their relationship by signing 14 agreements on August 19, 2024, during a meeting between Chinese President Xi Jinping and Vietnam’s newly appointed leader To Lam in Beijing. These agreements span various sectors including cross-border rail connectivity, agricultural exports, defense cooperation and financial collaboration.