Home Web graphics AMD Completes Acquisition of Xilinx

AMD Completes Acquisition of Xilinx


— Transaction Creates a Leader in High-Performance and Adaptive Computing —

— AMD to Offer Industry’s Strongest Portfolio of Adaptive CPUs, GPUs, FPGAs, and SoCs to Address Approximately $135 Billion Market Opportunity —

SANTA CLARA, Calif., Feb. 14 10, 2022 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announced that it has completed its acquisition of Xilinx in an all-stock transaction. The acquisition, originally announced on October 27, 2020, creates the industry’s leader in high-performance and adaptive computing with significantly expanded scale and the strongest portfolio of cutting-edge adaptive computing, graphics and SoC products. AMD expects the acquisition to be accretive to non-GAAP margins, non-GAAP EPS and free cash flow generation in the first year.

“The acquisition of Xilinx brings together a highly complementary set of products, customers and markets combined with differentiated intellectual property and world-class talent to create the industry leader in high performance and adaptive computing,” said AMD President and CEO Dr. Lisa Su. “Xilinx offers cutting-edge FPGAs, adaptive SoCs, AI engines, and software expertise that enable AMD to deliver the industry’s strongest portfolio of adaptive, high-performance computing solutions and capture a greater share of approximately $135 billion market opportunity we see across cloud, edge and smart devices.

Former Xilinx CEO Victor Peng will join AMD as chairman of the new Adaptive and Embedded Computing Group (AECG). AECG remains focused on driving FPGA, Adaptive SoC and software leadership roadmaps, now with the added scale of the combined company and the ability to offer an expanded set of solutions, including AMD CPUs and GPUs.

“The rapid expansion of connected devices and data-intensive applications with embedded AI is driving a growing demand for highly efficient and adaptive high-performance computing solutions,” said Victor Peng. “The combination of AMD and Xilinx will accelerate our ability to define this new era of computing by providing the most comprehensive portfolio of adaptive computing platforms capable of powering a wide range of intelligent applications.”

At closing, Xilinx shareholders received 1.7234 shares of AMD common stock and cash in lieu of fractional shares of AMD common stock for each share of Xilinx common stock. Common stock of Xilinx will no longer be listed on the NASDAQ stock exchange.

Transaction website

For more information on the transaction, investors are invited to visit the AMD/Xilinx Acquisition webpage.

About AMD
For more than 50 years, AMD has been at the forefront of innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 companies and leading scientific research institutes around the world rely on AMD technology every day to improve the way they live, work and play. AMD employees are focused on creating cutting-edge, high-performance, adaptive products that push the boundaries of what’s possible. For more information on how AMD is enabling today and inspiring tomorrow, visit AMD (NASDAQ: AMD) website, Blog, Facebook and Twitter pages.


Statements in this press release include forward-looking statements regarding AMD, Xilinx, the transaction and other matters. Forward-looking statements may discuss objectives, intentions and expectations regarding future plans, trends, events, results of operations or financial conditions, or otherwise, based on current beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. . Forward-looking statements speak only as of the date on which they are made or as of the dates indicated in the statements and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in such statements be achieved or will occur. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology, including “believes”, “expects”, “may”, “will”, “should”, “seeks”, “intends”, “plans”, “pro forma”, “estimates”, “anticipates”, “designed” or the negative of these words and expressions, other variations of these words and expressions or comparable terminology. Forward-looking statements in this press release relate to, among other things, the integration of businesses and the expected benefits, cost savings, uplift, synergies and growth resulting therefrom, including that AMD expects the acquisition to be accretive to non-GAAP margins, non-GAAP EPS and free cash flow generation in the first year. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. These risks include, among others: the negative effects of the announcement of the transaction; the risks that the businesses will not be successfully integrated or that the combined company will not realize the expected benefits, cost savings, scale, synergies and/or growth, or that these benefits may take longer to materialize materialize than expected; risks related to unforeseen integration costs; significant transaction and/or integration costs, or unknown or invaluable transaction difficulties and/or liabilities; potential litigation associated with the transaction; the potential impact of completing the transaction on AMD’s or the combined company’s relationships with suppliers, customers, employers and regulators; and demand for the combined company’s products. For a discussion of factors that could cause actual results to differ materially from those contemplated by the forward-looking statements, see the section entitled “Risk Factors” in AMD’s Annual Report on Form 10-K for the fiscal year ended. on December 25, 2021 and other filings with the SEC. Although the list of factors presented herein is believed to be representative, no such list should be considered a complete statement of all potential risks and uncertainties. Factors not listed may present additional significant impediments to making forward-looking statements. Many of these risks and uncertainties could be exacerbated by the COVID-19 pandemic and any resulting deterioration in the global business and economic environment. AMD does not assume, and hereby disclaims, any obligation to update forward-looking statements except as required by law.

Drew Meadow
AMD Communications
(512) 602-4425
[email protected]

Laura Graves
AMD Investor Relations
(408) 749-5467
[email protected]