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  • Friday, November 22, 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.

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