AMD has just completed the acquisition of Xilinx in an all-stock transaction. The acquisition was first announced on October 27, 2020, and is responsible for creating the industry’s high-performance and adaptive computing leader with a significantly expanded scale and the strongest portfolio of leadership computing, graphics, and adaptive SoC products.
“The acquisition of Xilinx brings together a highly complementary set of products, customers, and markets combined with differentiated IP and world-class talent to create the industry’s high-performance and adaptive computing leader. Xilinx offers industry-leading FPGAs, adaptive SoCs, AI engines, and software expertise that enable AMD to offer the strongest portfolio of high-performance and adaptive computing solutions in the industry and capture a larger share of the approximately $135 billion market opportunity we see across cloud, edge and intelligent devices.”
AMD President and CEO Dr. Lisa Su
AMD created the new Adaptive and Embedded Computing Group (AECG) that will be joined by Xilinx CEO Victor Peng as President of the said group. AECG will focus on driving leadership FPGA (Field-programmable gate array), Adaptive SoC, and software roadmaps.
In addition, it will also increase the scale of the combined company and the ability to offer an expanded set of solutions for AMD’s Processors and Graphics cards.
“The rapid expansion of connected devices and data-intensive applications with embedded AI is driving the growing demand for highly efficient and adaptive high-performance computing solutions. Bringing AMD and Xilinx together will accelerate our ability to define this new era of computing by providing the most comprehensive portfolio of adaptive computing platforms capable of powering a wide range of intelligent applications.”
Victor Peng CEO of Xilinx and President of AECG
After the acquisition, Xilinx stockholders received 1.7234 shares of AMD common stock and cash in lieu of any fractional shares of AMD common stock for each of Xilinx common stock.
Meanwhile, the common stocks of Xilinx will no longer be listed for trading on the NASDAQ (National Association of Securities Dealers Automated Quotations) stock market.
For more information on the transaction and to download the fact sheet, you can click here.