AMD returns to close deals with $1.9 billion purchase of chip specialist Pensando

Advanced micro-devices Inc. plans to launch chip and software startup Pensando Systems Inc. for $1.9 billion, and will return to the acquisition plan shortly after closing its largest transaction ever.

The proposed deal, which AMD announced Monday, would add to its product palette as semiconductor vendors reposition their offerings to take advantage of growing demand for chips. Pensando is said to offer AMD capabilities in networking, security and other services targeting the data center market, which has exploded as companies embrace digital tools.

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