AMD and Xilinx Shareholders Approve AMD Acquisition of Xilinx

7

Get real time updates directly on you device, subscribe now.

As you know, in October last year, AMD announced its intention to make the largest purchase in its history – to acquire Xilinx for $ 35 billion. Xilinx is the recognized authority on the Field-Programmable Gate Array (FPGA) market. AMD hopes the deal will create a leading HPC company, taking advantage of the merger, including advances in processor, GPU, SoC and FPGA design, and software development. Of course, in order to complete the transaction, it is necessary to go through the approval procedure adopted in such cases by shareholders and regulators.

AMD and Xilinx reported this week that shareholders of both companies voted to complete the deal.

“The Xilinx team is one of the strongest in the industry and we are thrilled to join AMD,” said Victor Peng, President and CEO of Xilinx. “Our shared culture of innovation, improvement and collaboration will enable us to accelerate data center growth and expand our customer base in more markets as a combined company.”

The parties expect to complete the deal by the end of this year.

.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.