AMD Buys Memory Technology Company Mext
By Josh Beckerman
Advanced Micro Devices acquired Mext, whose technology is expected to address memory-related bottlenecks across cloud and enterprise environments.
Mext's AI-powered predictive memory technology is "designed to make flash behave more like DRAM, helping expand usable memory capacity while maintaining performance and efficiency," AMD said.
Santa Clara, Calif.-based Mext was founded in 2023. Investors include Clear Ventures.
AMD's announcement didn't state the deal price.
According to Mext's website, its technology makes flash storage appear as DRAM-speed memory to the operating system, helping to reduce computing costs and power consumption.
AMD shares were recently up 7% to $548.45, outpacing the gains of Intel and Nvidia amid broader stock increases after the U.S. and Iran agreed on an interim peace deal.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
June 15, 2026 13:58 ET (17:58 GMT)
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