![]() The acquisition is expected to close in the second quarter of 2022. ![]() The acquisition is aimed at boosting AMD's high-performance technology portfolio that already includes CPUs, GPUs, field programmable gate array (FPGA), and SoC solutions. On April 4, 2022, AMD announced that it has agreed to acquire Pensando Systems, which operates a distributed services platform offering cloud infrastructure services, for approximately $1.9 billion.AMD has agreed to acquire Pensando Systems for approximately $1.9 billion. ![]() AMD earned $3.2 billion in net income on $16.4 billion of net revenue in FY 2021, which ended Dec.The company's main rivals include Intel Corp.AMD designs and develops high-performance semiconductor products for the data center, PC, and gaming markets.
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