On August 19, 2024, AMD announced its US$4.9 billion (approximately CAD 6.6 billion) acquisition of ZT Systems to expand its AI hardware capabilities, particularly in Canada, where both companies operate. The deal was financed 75% in cash and 25% in AMD stock. ZT Systems' expertise was expected to aid AMD in scaling AI GPU production for cloud giants like Microsoft. Post-acquisition, AMD planned to divest ZT’s manufacturing unit. The deal, set to close in H1 2025, was expected to be revenue-neutral by 2026.