Advanced Micro Devices Inc. (AMD) announced on Monday that it completed its $4.9 billion acquisition of ZT Systems, which will facilitate "a new class of AI solutions integrating AMD CPU, GPU, networking silicon, ROCm software, and rack-scale systems."

The company stated that it expects the transaction to be accretive on a non-GAAP basis by the end of the year, with the former ZT Systems Founder and CEO Frank Zhang joining AMD as senior vice president of ZT Manufacturing. Zhang will be reporting to AMD's executive vice president and general manager of the Data Center Solutions business unit, Forrest Norrod.

"Acquiring ZT Systems is a significant milestone in our AI strategy to deliver leadership training and inferencing solutions that are optimized for our customers' unique environment, ready-to-deploy at scale, and based on our open ecosystem approach that combines open-source software, industry-standard networking technologies and now ZT Systems' leadership systems design and customer enablement expertise," Norrod said.