AMD up on plans to acquire ZT Systems for $4.9 bln
** Shares of chipmaker Advanced Micro Devices AMD.O rise 1.4% to $150.65 in premarket trading
** AMD plans to acquire server maker ZT Systems for $4.9 billion
** Co plans to pay for 75% of acquisition with cash and the remainder in stock
** "The addition of ZT Systems engineers will allow AMD to more quickly test and roll out its latest AI graphics processing units (GPUs) at the scale cloud computing giants such as Microsoft MSFT.O require," AMD CEO Lisa Su
** Up to last close, stock had risen ~1% YTD
Reporting by Harshita Mary Varghese in Bengaluru
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