AMD is acquiring Xilinx in deal worth $35 billion

A few weeks ago, we began hearing rumours of acquisition talks between AMD and Xilinx. Now, the deal is as good as done, with AMD announcing that it will be acquiring the company for $35 billion in an effort to create “the industry's high performance computing leader”. 

AMD is acquiring Xilinx in an “all-stock transaction” valued at $35 billion. This will in turn increase AMD's Total Addressable Market (TAM) to $110 billion and expand AMD's growing data centre business.

When all is said and done, AMD “will offer the industry's strongest portfolio of high performance processor technologies”, including CPUs, GPUs, FGPAs, Adaptive SoCs and software expertise.

Speaking about the acquisition, AMD CEO, Dr. Lisa Su, said: “Our acquisition of Xilinx marks the next leg in our journey to establish AMD as the industry’s high performance computing leader and partner of choice for the largest and most important technology companies in the world”.

Victor Peng, Xilinx President and CEO, also added: “We are excited to join the AMD family. Our shared cultures of innovation, excellence and collaboration make this an ideal combination. Together, we will lead the new era of high performance and adaptive computing”.

The transaction will complete before the end of 2021, pending regulatory approvals.

KitGuru Says: AMD is splashing out on acquisitions of its own. It will be interesting to see the impact this has in the years to come. 

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