AMD shareholders 'overwhelming majority' approve Xilinx acquisition

AMD CEO Lisa Su announced today through her official Twitter account that the company's investors had "overwhelmingly approved our strategic acquisition of Xilinx." At the time of writing, the company's shares maintain growth of around 1.68% with a value of $ 82.81 per share, somewhat far from the almost $ 100 they cost at the beginning of the year, but a great jump from the 76 dollars of the past March 30.

I am very pleased that today shareholders have overwhelmingly approved our strategic acquisition of @XilinxInc. I look forward to welcoming @AMD to the team so that together we can advance high-performance computing for the next decade!

It should be remembered that the company formalized the acquisition on October 27 at a cost of 35,000 million dollars, money that AMD does not own, but that it paid by making a share exchange.

AMD and Xilinx today announced that they have reached a definitive agreement for AMD to acquire Xilinx in a stock transaction valued at $ 35 billion. The combination will create an industry-leading high-performance computing company, significantly expanding the breadth of AMD's product portfolio and customer base in diverse growth markets where Xilinx is an established leader. The transaction is expected to immediately increase AMD's margins, earnings per share (EPS), and free cash flow generation, and to provide industry-leading growth.

The acquisition brings together two industry leaders with the complementary customer and product portfolios. 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 in 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.

"Our acquisition of Xilinx marks the next step in our journey to establish AMD as the industry leader in high-performance computing and a partner of choice for the world's largest and most important technology companies," said AMD President and CEO, Dr. Lisa Su.

This is truly a compelling combination that will create significant value for all stakeholders, including AMD and Xilinx shareholders, who will benefit from the future growth and growth potential of the combined company. The Xilinx team is one of the few. strongest in the industry and we are delighted to welcome them to the AMD family. Combining our world-class engineering teams and deep experience in the field, we will create an industry leader with the vision, talent and scale to define the future of high-performance computing.

"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," said Victor Peng, president and CEO of Xilinx.

Our leading FPGAs, Adaptive SoCs, accelerators, and SmartNIC solutions enable innovation from the cloud to the edge, and to end devices. We empower our customers to deploy differentiated platforms to market faster, with optimal efficiency and performance. AMD will help accelerate the growth of our data center business and allow us to pursue a broader customer base in more markets.

With a combined team of 13,000 talented engineers and more than $ 2.7 billion in annual R&D investment, AMD will have additional talent and scale to deliver an even stronger set of domain-specific products and solutions.

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