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- Proposed Acquisition of Shares of ZT Group Int’l, Inc. by Advanced Micro Devices, Inc.
Proposed Acquisition of Shares of ZT Group Int’l, Inc. by Advanced Micro Devices, Inc.
6 January 2025
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Reference: | CCCS 400-140-2024-004 |
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Notifying Party: | Advanced Micro Devices, Inc. and ZT Group Int’l, Inc. |
Notifying Date: | 22 November 2024 |
Summary of transaction: | a. the names of the merger parties; (a) Advanced Micro Devices, Inc. (“AMD”); and (b) ZT Group Int’l, Inc.(“ZT”). b. a description of the transaction; The notification relates to the proposed acquisition by AMD of 100 per cent. of the shares in ZT (the “Proposed Transaction”). c. a description of the business activities of the merger parties worldwide and in Singapore; AMD AMD is a fabless global semiconductor company that develops computer processors and related technologies. As part of its data centre business segment, AMD supplies semiconductor devices globally for use in data centres, including the following: central processing units (“CPUs”); discrete graphics processing units (“GPUs”); field programmable gate arrays (“FPGAs”); and Smart Network Interface Cards (“SmartNICs”). AMD’s Singapore facility is a product development centre that conducts R&D activities for pre- and post-silicon development. AMD offers all products globally, including to customers in Singapore. ZT ZT is an original design manufacturer (“ODM”) of server and storage solutions for data centres. It has design, engineering, and manufacturing capabilities, principally located in the US. ZT’s data centre business comprises of server design and engineering, server manufacturing and related services (including test, integration and support services). ZT helps its customers, which are primarily large-scale data centres (known as hyperscalers) build customised server solutions. ZT provides server integration activities in Singapore. ZT offers all services globally, including to customers in Singapore. d. a description of the overlapping goods or services, including brand names; The Parties do not offer any overlapping goods or services. However, there is a vertical relationship between the Parties’ products in that AMD is active in the upstream supply of semiconductor products for data centre servers, and ZT is active in the downstream supply of data centre servers. e. a description of substitute goods or services from demand-side and supply-side considerations; For the supply of semiconductor products for data centre servers, similar products offered by competitors of AMD would be considered close substitutes from both a demand- and supply-side perspective. For the supply of data centre servers, similar services offered by competitors of ZT would be considered close substitutes from both a demand- and supply-side perspective. f. the applicant’s views on:
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Decision: | 6 January 2025 Following its assessment, CCCS has concluded that the Proposed Transaction, if carried into effect, will not infringe the section 54 prohibition of the Competition Act 2004. Read the Media Release. Read the Grounds of Decision. |