AMD completes acquisition of Xilinx
- Posted by Javier Alejandro de la Ossa Fernández
- On February 25, 2022
- 0
SANTA CLARA, California, Feb 14, 2022 – AMD (NASDAQ: AMD) today announced the completion of its acquisition of Xilinx in an all-stock transaction. Originally announced on October 27, 2020, the acquisition creates the industry’s high-performance and adaptive computing leader with significantly expanded scale and the strongest portfolio of leadership computing, graphics, and adaptive SoC products.
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 leadership FPGA, Adaptive SoC, and software roadmaps, now with the additional scale of the combined company and the ability to offer an expanded set of solutions, including AMD CPUs and GPUs.
Xilinx stockholders received 1.7234 shares of AMD common stock and cash in lieu of any fractional shares of AMD common stock for each share of Xilinx common stock. Xilinx common stock will no longer be listed for trading on the NASDAQ stock market.
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