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AMD Returns to Deal Making With $1.9 Billion Purchase of Chip Specialist Pensando

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Superior Micro Gadgets Inc. plans to purchase chip and software program startup Pensando Programs Inc. for $1.9 billion, returning to the acquisition playbook shortly after closing its biggest-ever transaction.

The proposed deal, which AMD disclosed Monday, would add to its product palette as semiconductor distributors reposition their choices to benefit from rising demand for chips. Pensando would give AMD capabilities within the fields of networking, safety and different companies aimed on the data-center market, which has grown explosively as firms embrace digital instruments.