AMD announced the completion of its acquisition of Xilinx in an all-stock transaction. The acquisition was originally announced on 27 Oct, 2020.
AMD expects the acquisition to be accretive to non-GAAP margins, non-GAAP EPS and free cash flow generation in the first year.
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.
Former Xilinx CEO, Victor Peng, will join AMD as president of the newly formed Adaptive and Embedded Computing Group (AECG).
AECG remains focused on driving FPGA, Adaptive SoC and software roadmaps, now with the additional scale of the combined company and the ability to offer an expanded set of solutions including AMD CPUs and GPUs.
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.AECG President, Victor Peng.
Upon close, Xilinx stockholders received 1.7234 shares of AMD common stock and cash in lieu of any fractional shares of AMD common stock for each share of Xilinx common stock.
Xilinx common stock will no longer be listed for trading on the NASDAQ stock market.