AMD announces it is acquiring semiconductor company Xilinx for $35 billion

AMD today announced that it is purchasing the FGPA maker Xilinx. The transaction is an all-stock affair and holds a value of $35 billion. This deal will make AMD the leader in high-performance semiconductors.

We had reported about the early discussions surrounding this deal when rumours placed the amount around $30 billion. AMD announced the acquisition today with a press release:

“The acquisition brings together two industry leaders with complementary product portfolios and customers. AMD will offer the industry’s strongest portfolio of high performance processor technologies, combining CPUs, GPUs, FPGAs, Adaptive SoCs and deep software expertise to enable leadership computing platforms for cloud, edge and end devices. Together, the combined company will capitalize on opportunities spanning some of the industry’s most important growth segments from the data center to gaming, PCs, communications, automotive, industrial, aerospace and defense.”

AMD expects complete synergy after the deal closes, with operational efficiencies projected to hit $300 million within 18 months of the deal closing.

The deal is expected to close by the end of 2021. It seems to be AMD’s answer to Intel’s acquisition of Xilinx’s top competitor Altera, which happened back in 2015.

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Via TechPowerUp

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