Quarterly report pursuant to Section 13 or 15(d)

Business Combinations and Asset Acquisitions (Details)

v3.24.3
Business Combinations and Asset Acquisitions (Details) - USD ($)
9 Months Ended
Sep. 28, 2024
Dec. 30, 2023
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]    
Business Combination Disclosure Business Combinations
Acquisition of Silo AI
On August 9, 2024, the Company completed the acquisition of Silo AI Oy (Silo AI), an AI lab based in Finland in an all-cash transaction of $665 million. Net of closing adjustments, transaction costs and deferred cash compensation, the purchase consideration of $553 million was allocated to $19 million of identifiable intangible assets, $43 million of net liabilities assumed, and $577 million to goodwill. Goodwill was attributed to Silo AI’s workforce who will help the Company accelerate the deployment and development of AI models and software solutions on AMD hardware. Silo AI financial results, which were not material, were included in the Company's statement of operations from the date of acquisition primarily within the Data Center segment.
Pending Acquisition of ZT Systems
On August 17, 2024, the Company entered into an agreement (the Agreement) to acquire ZT Group Int’l, Inc. (ZT Systems), a provider of AI and general purpose compute infrastructure for hyperscale computing companies, in a cash and stock transaction valued at approximately $4.9 billion (the Acquisition). The aggregate closing consideration payable by the Company consists of 8,335,852 shares of the Company’s common stock and $3.4 billion in cash. Contingent consideration of up to 740,964 shares of the Company’s common stock and up to $300 million of cash is payable by the Company to the extent certain conditions are met. The Agreement provides that if the Acquisition is not completed by August 17, 2025, subject to two automatic extensions until February 17, 2026, the Company will pay a termination fee of $300 million. The Acquisition is expected to close in the first half of 2025, subject to certain regulatory approvals and other customary closing conditions. The Company intends to seek a strategic partner to acquire ZT Systems' manufacturing business.
 
Business Acquisition [Line Items]    
Goodwill $ 24,839,000,000 $ 24,262,000,000
Silo AI    
Business Acquisition [Line Items]    
Business Combination, Consideration Transferred 553,000,000  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles 19,000,000  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities 43,000,000  
Goodwill $ 577,000,000  
ZT Systems    
Business Acquisition [Line Items]    
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares 8,335,852  
Business Combination, Price of Acquisition, Expected $ 3,400,000,000  
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High $ 300,000,000  
BusinessAcquisitionSharesIssuable, Contingent 740,964  
Termination Fee Merger Agreement [Axis] $ 300,000,000