The cash-and-stock deal is valuing the Taiwanese semiconductor firm at $3.8 billion.

AMD is gaining ground at the largest buyers of computer processors, owners of the giant data centers that are the backbone of the Internet.

Switch is among the largest remaining listed data-center operators in the U.S.

Achieving the longest revenue growth streak of any S&P500 company.

Potential suitors include GDS Holdings and EdgeConneX, sources told Bloomberg.

Move comes as data volumes explode, driving demand for cloud services.