Market news
Checked hourly while the US market is open. We pick the companies to look at before asking anything — those that both moved today and carry real index weight — so this is what a holder would notice, not everything that happened.
AMD divesting US server plants to avoid competing with customers such as Dell Technologies
According to Bloomberg, AMD is selling the US server manufacturing business it acquired with ZT Systems in order to avoid competing with customers including Dell Technologies and Hewlett Packard Enterprise. Taiwan-based ODMs see the assets as valuable as they race to build US capacity to sidestep current or potential Trump-era tariffs.
Removes the risk of AMD becoming a direct rival in server systems, preserving Dell's role in AMD-based AI server deployments.
Reported by Bloomberg
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