AMD was rumored to be in talks of buying Xilinx, an important player in the FPGA and AI accelerator market. Now finally, they closed the deal. AMD and Xilinx have entered into a definitive agreement for AMD to acquire Xilinx in an all-stock transaction valued at $35 billion. With the acquisition, the new combination will significantly expand the breadth of AMD’s product portfolio and customer set across diverse growth markets where Xilinx the leader. According to the announcement, AMD will offer the industry’s strongest portfolio of high-performance processor technologies, combining CPUs, GPUs, FPGAs, Adaptive SoCs, and deep software expertise.
All-stock transaction valued at $35 billion
The duo also stated that they will capitalize on opportunities spanning some of the most important growth segments, including the data centers, gaming, PCs, communications, automotive, industrial, aerospace, and defense. With the acquisition, AMD now has a combined team of 13,000 talented engineers and over $2.7 billion of annual R&D investment.
According to the agreement, Xilinx stockholders will receive a fixed exchange ratio of 1.7234 shares of AMD common stock for each share of Xilinx common stock they hold at the closing of the transaction. Dr. Lisa Su, President and CEO, AMD, said,
“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.”