CHIP DESIGNER AMD has successfully closed its acquisition of Seamicro.
AMD's buyout of Seamicro for $293m, restricted shares and stock options was seen as something of a coup for the chip firm as it fought off interest from its bitter rival Intel. Earlier this month AMD said it expected the deal to close by the end of the month and sure enough the schedule held firm, with AMD announcing that Seamicro will become its Data Center Server Solutions business unit.
During AMD's Opteron 3200 series processor launch the firm claimed it bought Seamicro for its interconnect fabric rather than its ability to build low-power 'micro servers'. Interconnects are the plumbing that keeps processors fed with data, and they consume considerable power and can be major performance bottlenecks in both high performance computing and cloud deployments.
Given that Seamicro had generated wider public interest by flogging low-power servers built with Intel chips, AMD wasn't about the change its story, with Lisa Su, senior VP and GM of AMD's Global Business Units saying, "Our unique fabric technology is truly one of the crown jewels of the Cloud. The combination of this innovative technology with our processor design expertise greatly enhances our ability to attack the fastest growing portion of the server market with industry-leading low-power, low-cost, high-bandwidth solutions."
Earlier AMD had said it would make a $293m cash payment along with granting Seamicro options to buy approximately 6,475,000 AMD shares and issuing approximately 322,000 shares of restricted AMD stock. µ