14 DAY TRIAL // Advanced Micro Devices said it decided to buy SeaMicro just this month, but all proceedings seem to have been already completed.
AMD definitely seems to be moving quickly when it comes to business decisions that could open up new and major opportunities.
The one to buy SeaMicro went along faster than some may have expected, although it is understandable, considering that it isn't a world-shaking deal.
Had this been something similar to Western Digital's acquisition of Hitachi, there would have been need for evaluations and approval on the part of international authorities and such.
At any rate, even though it has only been three weeks since the deal was announced, AMD has finished integrating SeaMicro into its operations.
For those unaware, the latter owns high-bandwidth, energy-efficient microserver products and technologies.
"Our unique fabric technology is truly one of the crown jewels of the Cloud," said Lisa Su, senior vice president and general manager, Global Business Units, AMD.
"The combination of this innovative technology with our processor design expertise greatly enhances our ability to attack the fastest growing portion of the server market with industry-leading low-power, low-cost, high-bandwidth solutions."
As part of the agreement, SeaMicro was paid $334 million, which corresponds to 251-252 million Euro, give or take. The new name of the division is AMD's Data Center Server Solutions business.
That amount of money is divided into $293 million cash (221 million Euro) and the estimated worth of certain AMD shares.
Advanced Micro Devices will use its new technological portfolio and staff for developing and selling server and cloud data centers.
“Cloud computing has brought a sea change to the data center--dramatically altering the economics of compute by changing the workload and optimal characteristics of a server,” said Andrew Feldman, SeaMicro's former CEO, back when the transaction was first announced. He is now general manager of AMD’s newly created Data Center Server Solutions business.