Hello, Guest!
  • Thursday, November 14, 2024

Stockholders OK $35B Deal for AMD to Acquire Xilinx

Stockholders of Advanced Micro Devices (Nasdaq: AMD) and Xilinx (Nasdaq: XLNX) have approved proposals for AMD to buy Xilinx in an all-stock transaction worth approximately $35 billion. 

The proposed combination will bring together portfolios of products, including field programmable gate arrays, central processing units, adaptive SoCs and graphic processing units, and explore growth opportunities in aerospace and defense, communications, industrial and data centers, among other segments, the companies said in a joint statement published Wednesday.

In October, AMD struck an all-stock deal for Xilinx to expand its data center business and portfolio of technology products and strengthen its position in the high performance computing market.

The companies expect the transaction to close by the end of 2021, pending regulatory approvals and other customary closing conditions.

Video of the Day

Related Articles

Advanced Micro Devices Closes Xilinx Acquisition M&A Activity

Advanced Micro Devices Closes Xilinx Acquisition

Advanced Micro Devices (Nasdaq: AMD) has closed its purchase of Xilinx in an all-stock deal worth approximately $35 billion, creating a new high-performance and adaptive computing company with a combined portfolio of field programmable gate arrays, central processing units, adaptive SoCs and graphic processing units. The acquisition of Xilinx will enable AMD to “capture a

HPE to Provide NSA High-Performance Computing Service Under $2B Contract; Justin Hotard Quoted Contract Awards

HPE to Provide NSA High-Performance Computing Service Under $2B Contract; Justin Hotard Quoted

Hewlett Packard Enterprise (NYSE: HPE) has secured a potential 10-year, $2 billion contract from the National Security Agency to provide high performance computing technology as a service to help NSA address its data management requirements. HPE will deliver fully managed cloud services on-premises through the HPE GreenLake platform to enable NSA to apply artificial intelligence,

Army Soliciting Support for DOD Supercomputing Resource Centers News

Army Soliciting Support for DOD Supercomputing Resource Centers

The U.S. Army has released a solicitation for administration and maintenance services in support of supercomputers at several Department of Defense centers that provide hardware, software, data storage and other resources to a High Performance Computing computational environment. According to the SAM.gov notice posted Thursday, the Army Corps of Engineers will seek proposals and issue