AMD $35 billion acquisition of Xilinx obtains shareholder approval
Source: TechWeb 2021-04-09
On April 8, according to foreign media reports, on Wednesday local time, chip maker AMD and semiconductor company Xilinx (Xilinx) said that their shareholders voted to approve AMD’s acquisition of Xilinx. However, the transaction still needs regulatory approval.
In October last year, AMD announced that it intends to acquire Xilinx for 35 billion U.S. dollars. The acquisition transaction will be conducted in an all-stock manner and is expected to be completed by the end of 2021.
According to reports, after the completion of the acquisition, Su Zifeng will continue to serve as AMD’s CEO, and Xilinx’s current CEO and President Victor Peng will join AMD as president, responsible for Xilinx’s business and strategic development planning.
It is reported that Xilinx designs, develops and sells programmable platforms, which include advanced integrated circuits, software design tools and predefined system functions to deliver core intellectual property rights. The company produces programmable chips for data centers that can accelerate tasks such as artificial intelligence (AI) work and 5G base stations.