Startup Pensando is a part of AMD now. The acquisition took place recently for $1.9 billion, which excludes working capital as well as other adjustments. It is learned that the data center products of it will be boosted to capitalize on the increasing demand from enterprise and cloud sectors.
Founded by former Cisco engineers in 2017, the Pensando has corporate clients like Azure of Microsoft and Goldman Sachs. It is the uniqueness of cloud computing that clients can order computing power based on their requirements at various global locations through just a couple of mouse clicks. The shuffling mechanisms are taken care of by the software to place the data in the correct physical machines.
The data center business has lately become competitive and the main global players include Nvidia, Intel and AMD. Research and development are ongoing in the segment and lately Nvidia announced a new chip that can increase the pace of the functioning of artificial intelligence in the data centers.
The AMD and Pensando deal may close by the Q2 of 2022. It is learned AMD would be adding the new platform to its existing processors as well as graphics chips.
The entire team of Pensando including CEO Prem Jain will be joining the Data Center group of the AMD. They are advancing distributed computing that is basically designed for powering the software-based cloud, the New Edge, networking, compute, security and storage as well. They are focusing in transforming the current architectures into super fast environments which are secured and in high demand by the next-gen apps.
AMD is the acronym for Advanced Micro Devices and the company was founded in 1969 by Jerry Sanders. It is headquartered in Santa Clara, US. The key people currently responsible for the smooth functioning include CEO and President Lisa Su, Lead Independent Director John Edward Caldwell and CTO Mark Papermaster.