AMD to buy Xilinx in all-stock deal valued at $35 billion

AMD stockholders will own about 74% of the combined company, with Xilinx stockholders owning approximately 26%.

October 27, 2020 05:29 pm | Updated 05:33 pm IST - San Jose

Lisa Su, president and CEO of AMD, giving a keynote address during the 2019 CES in Las Vegas, Nevada, United States.

Lisa Su, president and CEO of AMD, giving a keynote address during the 2019 CES in Las Vegas, Nevada, United States.

AMD is buying Xilinx for $35 billion in an all-stock deal that will combine the two Silicon Valley chip makers.

The deal announced on Tuesday puts AMD in a place it wants to be; competing more fiercely with Intel.

Xilinx stockholders will receive 1.7234 shares of AMD stock for each Xilinx share they hold, or approximately $143 per share of Xilinx stock.

AMD stockholders will own about 74% of the combined company, with Xilinx stockholders owning approximately 26%.

The transaction will give AMD a strong 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.

The deal is expected to close by the end of next year. It still needs approval from shareholders of both companies.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.