AMD announced that it has completed the acquisition of Xilinx

AMD announced that it has completed the acquisition of Xilinx through an all-stock transaction. AMD believes this deal will create a leader in high-performance and adaptive computing through greater scale and a portfolio of computing, graphics, and adaptive SoCs. The AMD acquisition is expected to be accretive to non-GAAP margins, non-GAAP earnings per share, and free cash flow in the first year.
AMD Xillinx UK regulatorsAMD CEO Dr. Lisa Su once said that the acquisition of Xilinx brings together a series of highly complementary products, customers, and markets, as well as differentiated IP, and world-class talents to establish AMD as the industry leader in high performance and adaptive computing. Xilinx’s FPGA, adaptive SoC, AI engine, and software expertise will bring AMD an enhanced portfolio of high-performance and adaptive computing solutions, helping AMD compete for a higher market share in the cloud computing, edge computing, and smart device market of about $135 billion.

Former Xilinx President and CEO Victor Peng will join AMD, as president of the newly formed Adaptive and Embedded Computing Group (AECG), he continues to focus on driving the FPGA, adaptive SoC, and software roadmap. With the establishment of the new division, AMD will further expand its scale and expand a series of expansion solutions including CPU and GPU.

On October 27, 2020, AMD announced the acquisition of Xilinx through an all-stock transaction valued at approximately $35 billion. AMD shareholders will own 74% of the combined company, while Xilinx shareholders will own another 26%. Following the closing of the transaction, Xilinx common stock will not continue to trade on the Nasdaq stock market.