AMD announced tonight that it has completed the acquisition of Xilinx, and former Xilinx board members Jon Olson and Elizabeth Vanderslice have joined AMD's board of directors.
AMD announced its intention to acquire Xilinx in an all-stock transaction on October 27, 2020. Official figures have not been disclosed, but Reuters reported that the acquisition was worth about $49.8 billion (about 317.724 billion yuan).
Starting today, after completing the acquisition of FPGA leader Xilinx, AMD has officially become a chip giant with the labels of "CPU Second", "GPU Second" and "FPGA Leader".
AMD expects the acquisition to be accretive to non-GAAP margin, non-GAAP EPS and free cash flow in the first year.
"The acquisition of Xilinx brings together a suite of highly complementary products, customers and markets, as well as differentiated IP and world-class talent," said AMD President and CEO Dr. Lisa Su. , making us the industry leader in high performance and adaptive computing. Xilinx's leading FPGA, adaptive SoC, AI engine, and software expertise will empower AMD to deliver ultra-high performance and adaptive computing solutions portfolio and help us capture a larger share of the foreseeable approximately $135 billion clouds, edge, and smart device market opportunity."
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 leading FPGA, adaptive SoC, and software roadmaps. With the establishment of the new division, the company will expand further and be able to offer a range of scaling solutions including AMD CPUs and GPUs.
Victor Peng said: "The rapidly evolving data-intensive applications of connected devices and embedded artificial intelligence are driving the ever-increasing demand for efficient and adaptive HPC solutions. The combination of AMD and Xilinx will provide a very comprehensive A portfolio of adaptive computing platforms that power a wide range of intelligent applications, accelerating our ability to define a new era of computing."
Following the acquisition, Xilinx shareholders will receive 1.7234 shares of AMD common stock for each share of Xilinx common stock. Xilinx common stock will no longer be traded on the Nasdaq Stock Market.
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