AMD announced that the acquisition of Xilinx, one of the world’s largest manufacturers of integrated circuits, has been completed.
AMD announced that the acquisition process of Xilinx, one of the leaders of the high-performance and adaptive computing market, has been completed. The acquisition, which was first announced on October 27, 2020, has progressed and been completed during this period. The company’s statement and details on the subject are as follows;
AMD acquires one of the largest manufacturers, Xilinx
Former Xilinx CEO Victor Peng will join AMD as chairman of the newly formed Adaptive and Embedded Computing Group (AECG). AECG will continue to focus on driving leadership, FPGA, Adaptive SoC and embedded product roadmaps for core markets, with the ability to deliver an expanded set of solutions including AMD CPUs and GPUs.
AMD CEO Lisa Su said:Xilinx acquisition A highly complementary set of products, combined with world-class talent, will enable us to become the industry’s leader in high-performance and adaptive computing, bringing together customers and markets. Xilinx enables AMD to deliver the most powerful, high-performance and adaptive computing solutions portfolio in the industry, as well as a larger share of the approximately $135 billion market opportunity we see in the cloud and industry-leading FPGAs, adaptive SoCs, AI engines and software. will enable him to present his expertise”.
Mario Silveira, Corporate Vice President, EMEA, AMD, said, “Today is an important day in EMEA for AMD, and we are joining forces with Xilinx to form the industry’s leader in high-performance and adaptive computing. AMD is now the industry’s largest offering of leading computing, graphics, and adaptive SoC products. We are excited by the incredible opportunities that lie before us to better serve our customers in a wide variety of markets, such as communications, automotive and industry, which form the backbone of the economies of the EMEA countries.”
Xilinx shareholders will receive 1,7234 AMD common stock and cash for each share of Xilinx common stock instead of any partial shares of AMD common stock. Xilinx stock will no longer be listed on the NASDAQ stock exchange.