Latham Advises AMD on Divestment of ZT Systems Data Center Infrastructure Manufacturing Business to Sanmina

AMD (NASDAQ: AMD) has announced it has entered into a definitive agreement to sell ZT Systems’ US-headquartered data center infrastructure manufacturing business to Sanmina (NASDAQ: SANM), a leading integrated manufacturing solutions company. As part of the transaction, Sanmina becomes a preferred new product introduction (NPI) manufacturing partner for AMD cloud rack and cluster-scale AI solutions. AMD will retain ZT Systems’ world-class design and customer enablement teams to accelerate the quality and time-to-deployment of AMD AI systems for cloud customers.

Latham & Watkins LLP represents AMD in the transaction with a corporate deal team led by Bay Area partners Tad Freese and Mark Bekheit, with associates Clayton Heery, Kevin Schunk, and Tim Plummer. Advice was also provided on tax matters by Bay Area partner Kirt Switzer, with associates Derek Gumm and Rasha Suleiman; on compensation and benefits matters by Bay Area partner James Metz, with associate Kevin Matheny; on intellectual property matters by Bay Area partner Anthony Klein, with associates Andrew Abokhair and Ryan Sanders; on environmental matters by Orange County partner Christopher Norton and New York counsel David Langer; on real estate matters by New York counsel Karen Ritter; and on antitrust matters by Washington, D.C. partner Mandy Reeves and Bay Area partner Kelly Fayne, with associates Daniel Baker, Charlie Sprague, and Doug Tifft.