AMD announced the acquisition of FPGA company Xilinx for $35 billion

AMD officially announced the acquisition of its competitor Xilinx for US$35 billion. Xilinx is a well-known field programmable logic gate array manufacturing company in the industry.

Through this acquisition, AMD will provide the industry’s most powerful high-performance processor technology portfolio, providing a leading computing platform for the terminal, cloud, and edge computing.

The transaction is mainly completed through stocks. After the merger, AMD shareholders hold approximately 74% of the shares and Xilinx shareholders hold approximately 26%.

Conventionally, this type of transaction requires the approval of major global market regulators, and the transaction will be finalized only after the approval of major market regulators.

The acquisition of Xilinx marks that AMD will establish AMD as the industry’s highest performance computing leader. AMD and Xilinx are a convincing combination.

This will create objective value for all stakeholders, including AMD and Xilinx shareholders, who will also benefit from the future growth of the combined company.

The Xilinx team is one of the strongest in the industry. AMD is very happy that the Xilinx team can join AMD and cooperate with the industry’s first-class engineering team.

In the future, the new team after the merger of AMD and Xilinx will build an industry leader with vision, talent, and scale to define the true future of high-performance computing.

AMD CEO Dr. Lisa Su

“Our acquisition of Xilinx marks the next leg in our journey to establish AMD as the industry’s high performance computing leader and partner of choice for the largest and most important technology companies in the world. This is truly a compelling combination that will create significant value for all stakeholders, including AMD and Xilinx shareholders who will benefit from the future growth and upside potential of the combined company. The Xilinx team is one of the strongest in the industry and we are thrilled to welcome them to the AMD family. By combining our world-class engineering teams and deep domain expertise, we will create an industry leader with the vision, talent and scale to define the future of high performance computing.”

Xilinx CEO Victor Peng

“We are excited to join the AMD family. Our shared cultures of innovation, excellence and collaboration make this an ideal combination. Together, we will lead the new era of high performance and adaptive computing. Our leading FPGAs, Adaptive SoCs, accelerator and SmartNIC solutions enable innovation from the cloud, to the edge and end devices. We empower our customers to deploy differentiated platforms to market faster, and with optimal efficiency and performance. Joining together with AMD will help accelerate growth in our data center business and enable us to pursue a broader customer base across more markets.”

Via: Anandtech