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10.07.2024 17:32:05 - dpa-AFX: AMD To Acquire Silo AI For $665 Mln Cash Deal; Stock Rises
SUNNYVALE (dpa-AFX) - Advanced Micro Devices, Inc. (AMD), Wednesday
announced the signing of a definitive agreement to acquire Helsinki,
Finland-based Silo AI for $665 million in cash.
The company expects the private AI lab to enhance the development and deployment
of AMD-powered AI models and software solutions.
The acquisition is expected to be completed in the second half of 2024.
Currently, AMD's stock is climbing 3.32 percent, to $182.91 on the Nasdaq.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
announced the signing of a definitive agreement to acquire Helsinki,
Finland-based Silo AI for $665 million in cash.
The company expects the private AI lab to enhance the development and deployment
of AMD-powered AI models and software solutions.
The acquisition is expected to be completed in the second half of 2024.
Currently, AMD's stock is climbing 3.32 percent, to $182.91 on the Nasdaq.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
ADVANCED MIC.DEV. DL-,01 | 863186 | Frankfurt | 134,860 | 31.07.24 17:32:22 | +6,560 | +5,11% | 133,640 | 133,900 | 140,000 | 128,300 |
