AMD has completed its $35 billion acquisition of FPGA inventor Xilinx. The deal is the largest-ever acquisition by a semiconductor company, and will help AMD realize their goal of building next-generation data centers for machine learning applications at scale.

AMD has completed the acquisition of FPGA Inventor Xilinx. The price that was paid for this acquisition is $35 billion.

AMD Completes $35 Billion Acquisition of FPGA Inventor Xilinx

AMD-Completes-35-Billion-Acquisition-of-FPGA-Inventor-XilinxImage credit: AMD

AMD has issued a press statement announcing the completion of its purchase of Xilinx, a move that would help the company expand its fast expanding data center business.

According to AMD CEO Dr. Lisa Su, the company’s recent purchase would effectively convert it into the industry’s high-performance and adaptable computing leader, thanks to Xilinx’s portfolio of key technologies such as FPGAs, adaptive SoCs, and AI engines. AMD had previously said that it will acquire Xilinx in October 2020 in an all-stock deal valued at $35 billion.

Victor Peng, the CEO of Xilinx, will join AMD as the head of the Adaptive and Embedded Computing Group (AECG). It will be in charge of “pushing leading FPGA, Adaptive SoC, and software roadmaps,” according to the company.

AMD has completed its purchase of Xilinx (AMD)

AMD (NASDAQ: AMD) announced today that it has completed its all-stock purchase of Xilinx. The purchase, which was first announced on October 27, 2020, transforms the company into the industry’s high-performance and adaptive computing leader, with considerably increased scale and the broadest range of leading computing, graphics, and adaptable SoC technologies. In the first year, AMD expects the purchase to boost non-GAAP margins, non-GAAP EPS, and free cash flow generation.

AMD President and CEO Dr. Lisa Su stated, “The purchase of Xilinx brings together a highly complementary collection of products, customers, and markets, as well as distinctive IP and world-class personnel, to establish the industry’s high-performance and adaptive computing leader.” “With Xilinx’s industry-leading FPGAs, adaptive SoCs, AI engines, and software expertise, AMD can offer the industry’s strongest portfolio of high-performance and adaptive computing solutions, capturing a larger share of the $135 billion market opportunity we see across cloud, edge, and intelligent devices.”

Victor Peng, the former CEO of Xilinx, will lead AMD’s newly established Adaptive and Embedded Computing Group (AECG). With the added size of the merged business and the ability to provide a broader range of solutions, including AMD CPUs and GPUs, AECG is focused on advancing leading FPGA, Adaptive SoC, and software roadmaps.

“The rising need for highly efficient and adaptable high-performance computing solutions is being driven by the fast proliferation of connected devices and data-intensive applications with embedded AI,” said Victor Peng. “By combining AMD and Xilinx, we’ll be able to define this new age of computing faster by offering the most complete portfolio of adaptive computing platforms capable of powering a broad variety of intelligent applications.”

For each share of Xilinx common stock, Xilinx owners received 1.7234 shares of AMD common stock and cash in place of any fractional shares of AMD common stock. The NASDAQ stock exchange will no longer offer Xilinx common stock for trading.

Investors are advised to visit the AMD/Xilinx Acquisition web page for further information on the deal.

Recent Developments

1624663843_386_Micro-Center-Apologizes-for-Bias-Against-AMD-Radeon-Graphics-Cards

Report: GoldenEye 007 Remaster to be Announced Soon for Xbox and Nintendo Switch

14 February 2022 14 February 2022

1622074277_666_Epic-Games-Releases-New-Unreal-Engine-5-Footage-and-Details

NVIDIA and AMD Graphics Cards Reach Record Lows as GPU Pricing Continues to Trend Closer to MSRP

14 February 2022 14 February 2022

1644901206_41_Report-GoldenEye-007-Remaster-for-Xbox-and-Nintendo-Switch-to

Transactions on the NFT Marketplace Cent have been halted due to rampant counterfeiting.

14 February 2022 14 February 2022

1637516584_501_GIGABYTE-Releases-DRM-Fix-Tool-for-Resolving-Gaming-Issues-on

In the wake of the NFT push, a Ubisoft employee wonders whether the company is competing with EA for the title of most hated game studio.

14 February 2022 14 February 2022

1644879531_904_Ivan-Reitman-Director-of-Ghostbusters-Dead-at-75

On Steam, Dear Esther: Landmark Edition is now free.

14 February 2022 14 February 2022

1635438510_810_EVGA-Announces-Z690-DARK-KINGPIN-and-Z690-CLASSIFIED-Motherboards

According to early retail listings, the 12th Gen Intel Core i9-12900KS will cost $780 and will include a 150-Watt PBP.

14 February 2022 14 February 2022

The “amd merger date” is the day that AMD completed its acquisition of FPGA Inventor Xilinx.

  • xilinx amd merger
  • amd-xilinx stock
  • amd-xilinx acquisition china approval
  • amd-xilinx merger update
  • xilinx amd merger price
You May Also Like

Aloy Is A Victim Of Body-Shaming

From the moment Horizon Zero Dawn launched in 2017, Aloy has been…

Overwolf Raises $52.5 Million and Launches CurseForge Core Platform

Overwolf has announced that it has raised $52.5 million and launched CurseForge…

Metal Gear Solid 2’s Legendary E3 2000 Trailer Gets Upscaled with AI

The E3 2000 trailer for Metal Gear 2: Solid Snake (MGS2) was…

Rogue Company Patch Notes 1.53 Update Released – Download

The latest Rogue Company Patch Notes 1.53 Update is released a few minutes…