Advanced Micro Devices Inc. plans to buy chip and software startup Pensando Systems Inc. for $1.9 billion, returning to the acquisition playbook shortly after closing its biggest-ever transaction.
The proposed deal, which AMD disclosed Monday, would add to its product palette as semiconductor vendors reposition their offerings to take advantage of growing demand for chips. Pensando would give AMD capabilities in the fields of networking, security and other services aimed at the data-center market, which has grown explosively as companies embrace digital tools.
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