AMD (AMD-US) Acquires MEXT to Address AI Data Center Memory Shortage

Advanced Micro Devices Inc. (AMD-US) announced on June 16, 2026, it will acquire MEXT to tackle surging memory demand in AI data centers. MEXT's technology enables NAND Flash to operate like DRAM in AI computing architectures, reducing reliance on DRAM amid industry-wide memory shortages. Financial terms were not disclosed. AMD stated that memory has become a critical bottleneck as AI models and high-performance computing workloads grow in scale and complexity. MEXT's AI predictive memory technology expands available memory capacity while maintaining performance efficiency, potentially lowering infrastructure costs. The acquisition will integrate MEXT's innovations into AMD's data center product line. MEXT's team specializes in memory systems and AI infrastructure. AMD said the deal will strengthen its ability to deliver differentiated computing solutions and help enterprise clients accelerate AI deployment at scale.