Expected to close late this year, the acquisition will increase overall sales by a third. Advanced Micro Devices agreed to buy rival chipmaker Xilinx in a $35bn all-stock deal, as it looks to beef up I called Nvidia-Intel the 'semi battle of the decade'. The deal is expected to close by the end of 2021 and the companies will operate separately until then. Share on Facebook Share on Twitter Pinterest Email. The acquisition could be transformative for AMD (ticker: AMD), giving it more resources and new business lines to better compete with its larger rival Intel (INTC), especially with chips designed for data centers and other cloud computing applications. Advanced Micro Devices has agreed to buy programmable chip maker Xilinx in a $35 billion deal to diversify its product portfolio and aid its ambitions in data centers and other arenas. The chipmaker's $35 billion deal to acquire Xilinx - Get Report was been approved by shareholders of both chipmakers. GlobalFoundries was created by the divestiture of the manufacturing arm of Advanced Micro Devices (AMD). AMD, of Santa Clara, Calif., last October agreed to acquire Xilinx, San Jose, Calif. Meanwhile, there is also the Xilinx acquisition which was recently approved by … The transaction has been unanimously approved by the AMD and Xilinx Boards of Directors. AMD and Xilinx Stockholders Overwhelmingly Approve AMD’s Acquisition of Xilinx. SILICON VALLEY, Calif., April 07, 2021 (GLOBE NEWSWIRE) — AMD () – Get Report and Xilinx, Inc. – Get Report announced today that stockholders voted to approve their respective proposals relating to the pending acquisition of Xilinx by AMD. With today’s gain, the stock is up 29% for the year. UK Regulator Seeks Comments on Advanced Micro Devices Acquisition of Xilinx May. Data center customers make up only 14% of Xilinx’s sales in the latest quarter, although growing at a 30% clip. SILICON VALLEY, Calif., March 08, 2021 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) and Xilinx (NASDAQ:XLNX) announced today they have set a date for the Special Meetings of Stockholders to vote on the proposed acquisition of Xilinx by AMD. SILICON VALLEY, Calif., April 07, 2021 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) and Xilinx, Inc. (NASDAQ: XLNX) announced today that stockholders voted to approve their respective proposals relating to the pending acquisition of Xilinx by AMD.The acquisition will bring together two industry leaders with complementary product portfolios and customers, combining CPUs, GPUs, … AMD says that this acquisition has the potential to make it the industry’s leading high-performance computing company. 8, 2021—AMD (NASDAQ:AMD) and Xilinx (NASDAQ:XLNX) announced today they have set a date for the Special Meetings of Stockholders to vote on the proposed acquisition of Xilinx by AMD. SILICON VALLEY, Calif., April 07, 2021 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) and Xilinx, Inc. (NASDAQ:XLNX) announced today that stockholders voted to … On a non-GAAP* basis, operating income was $762 million, net … The deal was announced alongside AMD's 3Q20 financial results. Moreover, on Sep 11, AMD announced that its senior unsecured credit rating was upgraded to investment grade Baa3 by Moody’s Investors Service. AMD’s rumored interest in the programmable chipmaker comes as Xilinx … AMD did not spend a penny, this acquisition is a good deal. AMD's $35 billion acquisition of Xilinx has been approved by holders of both chipmakers. Aussie security spend to surpass $5b ... Xilinx’s relationship with AMD to date. The list, which now includes Salesforce’s acquisition of Slack, is up to date as of Dec. 2, 2020. HP buys EDS ($15.4 billion, 2008) ... AMD acquires Xilinx ($35 billion, 2020) And Xilinx is also only a small player in graphics processing units (GPUs), which Nvidia (NVDA) dominates. M.10097 AMD / XILINX (Notification) 25 may 2021 M.10241 COLONY CAPITAL / LIBERTY GLOBAL / JV (document published) M.9637 IAG / AIR EUROPA (Notification) M.10279 TFS / MITSUI / MAF COLOMBIA (Notification) 21 may 2021 M.10208 THE COCA-COLA COMPANY / COCA-COLA HBC / WABI CCH JV (public version of decision published) In pre-market trading on Friday, Oct. 9, the stock was at $83.79 as of 9:03 a.m. AMD (NASDAQ:AMD) and Xilinx, Inc. (NASDAQ:XLNX) announced today that stockholders voted to approve their respective proposals relating to the pending acquisition of Xilinx by AMD. After a recent rumor, AMD is set to officially acquire chip maker Xilinx for $35 billion in a move not too dissimilar from Nvidia's acquisition of Arm. AMD announced today that it is purchasing FPGA-maker Xilinx for $35 billion in an all-stock transaction, confirming recent rumors that the two companies were in advanced talks. A Xilinx acquisition by AMD would imitate Intel’s 2015 Altera acquisition. — Revenue grew 93 percent while net income and EPS tripled year-over-year — SANTA CLARA, Calif., April 27, 2021 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the first quarter of 2021 of $3.45 billion, operating income of $662 million, net income of $555 million and diluted earnings per share of $0.45. Data center is also a small, but growing segment. Mar 16, 2021 • 9:00 AM EDT. SILICON VALLEY, Calif., April 07, 2021 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) and Xilinx, Inc. (NASDAQ:XLNX) announced today that stockholders voted to approve their respective proposals relating to the pending acquisition of Xilinx by AMD. Advanced Micro Devices, better known as AMD, has announced the acquisition of Xilinx, a rival chip maker in a huge, all-stock deal worth $35 billion. The acquisition will bring together two industry leaders with complementary product portfolios and … The acquisition is subject to approval by AMD and Xilinx shareholders, certain regulatory approvals and other customary closing conditions. 19.05.2021 - SANTA CLARA, Calif., May 19, 2021 (GLOBE NEWSWIRE) - AMD (NASDAQ: AMD) today announced that its Board of Directors approved a … The $35 billion all-stock transaction was approved by the shareholders of both companies on April 7, and the next step is regulatory approval. Log In Receive full access to our market insights, commentary, … Using current stock and market value increase, AMD decided to make a strategic decision to play better in the data center, 5G, automotive, and … 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. 27 October: AMD to acquire Xilinx for $35B. Merger-and-acquisition activity in the semiconductor market continued to boom in late October when AMD announced it would acquire Xilinx … The … Apr 15 TSMC Earnings Date (Confirmed) Apr 20 Apple Event: Spring Loaded. Recommend Stockholders Vote “For” the Acquisition and Other Proposals Set Forth in the Definitive Proxy Statement SILICON VALLEY, Calif. 03/08/2021 AMD (NASDAQ:AMD) and Xilinx (NASDAQ:XLNX) announced today they have set a date for the Special Meetings of … SILICON VALLEY, Calif., March 08, 2021 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) and Xilinx (NASDAQ:XLNX) announced today they have set a date for the Special Meetings of Stockholders to vote on the proposed acquisition of Xilinx by AMD. The acquisition is subject to approval by AMD and Xilinx shareholders, certain regulatory approvals and other customary closing conditions. The deal is expected to close by the end of 2021 and will serve to ratchet up competition with Intel and Nvidia in the highly lucrative datacenter market. AMD stock was down after the news about the potential acquisition and closed at $86.51 Oct. 8. Xilinx … The company is currently acquiring Xilinx, Inc. ( XLNX ). SILICON VALLEY, Calif., April 07, 2021 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) and Xilinx, Inc. (NASDAQ:XLNX) announced today that stockholders voted to approve their respective proposals relating to the pending acquisition of Xilinx by AMD. AMD announced its decision to acquire Xilinx last year amidst a broader wave of consolidation in the semiconductor sphere due to emerging … (ii) a description of the transaction; The notification relates to the proposed acquisition by AMD of Xilinx in an all-stock transaction (the “Proposed Transaction”). The acquisition will bring together two industry leaders with complementary product portfolios and customers, combining CPUs, GPUs, … Concerns that AMD's pending, all-stock acquisition of top FPGA developer Xilinx makes its growth story a little murkier, given the steep price being … SILICON VALLEY, Calif., April 07, 2021 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) and Xilinx, Inc. (NASDAQ:XLNX) announced today that stockholders voted to approve their respective proposals relating to the pending acquisition of Xilinx by AMD. AMD shares closed more than 4% lower on Tuesday at $78.88. And on March 23, AMD stated that its new AMD EPYC 7003 series CPUs is the world’s best performing CPU to date. ― Recommend Stockholders Vote “For” the Acquisition and Other Proposals Set Forth in the Definitive Proxy Statement ―SILICON VALLEY, Calif., March 08, 2021 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) and Xilinx (NASDAQ:XLNX) announced today they have set a date for the Special Meetings of Stockholders to vote on the proposed acquisition of Xilinx by AMD. AMD CEO Dr. Lisa Su Discusses Chip Shortage and Xilinx Acquisition. Global Foundries is owned by Mubadala Investment Company. Edit: I’ve overlooked that this is an all-share deal and AMD share price is down pre-market. Xilinx specializes in Field Programmable Gate Arrays (FPGAs) - a After weeks of speculation and rumors, AMD has confirmed that it’s buying out Xilinx.The 35$ billion full-stock deal is expected to be closed out by 2021. The acquisition will bring together two industry leaders with complementary product portfolios and customers, combining CPUs, GPUs, … Under the terms, AMD will pay 1.7234 shares for each Xilinx share. According to the agreement, Xilinx shareholders can exchange one share of Xilinx common stock for approximately 1.7 shares of AMD common stock, valuing Xilinx at US$143 per share, a premium of approximately 24.8% over its closing price of US$114.55 on October 26. This acquisition will help the company grow its presence in the data center industry, and AMD is likely to be the go-to solutions provider of product designers who … Weather it pans out is debatable though IMO. Xilinx also has a much better P/E ratio. Rumors of the deal surfaced a couple of weeks ago (see Opinion: Data centre AI drives $30bn AMD-Xilinx deal) but AMD has pitched the bid as an all-share deal at a higher value of $35 billion.. AMD And Xilinx Stockholders Overwhelmingly Approve AMD's Acquisition Of Xilinx. SILICON VALLEY, Calif., April 07, 2021 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) and Xilinx, Inc. (NASDAQ:XLNX) announced today that stockholders voted to approve their respective proposals relating to the pending acquisition of Xilinx by AMD.The acquisition will bring together two industry leaders with complementary product portfolios and customers, combining CPUs, GPUs, … This repurchase program has no termination date and may be suspended or discontinued at any time. Chip designer Advanced Micro Devices, Inc (AMD) has submitted its plans to acquire San Jose, California-based semiconductor designer Xilinx, Inc to the European Commission for review. Xilinx Purchase A Boon To AMD Late last year, AMD reached an agreement to buy Xilinx (XLNX). It would mirror Intel's acquisition of Altera of several years ago and will help AMD compete in the data center. The acquisition will bring together two industry leaders with complementary product portfolios and customers, … About AMD For more than 50 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies – the building blocks for gaming, immersive platforms and the data center. SILICON VALLEY, Calif., April 07, 2021 (GLOBE NEWSWIRE) -- AMD and Xilinx, Inc. (NASDAQ:XLNX) announced today that stockholders voted to approve their respective proposals relating to the pending acquisition of Xilinx by AMD.The acquisition will bring together two industry leaders with complementary product portfolios and customers, combining CPUs, GPUs, FPGAs, Adaptive SoCs and … AMD announced its decision to acquire Xilinx last year amidst a broader wave of consolidation in the semiconductor sphere due to emerging markets such as artificial intelligence and fifth-generation (5G) … SILICON VALLEY, Calif.—Mar. The Rumored $30B AMD-Xilinx Acquisition: 5 Big Things To Know. The acquisition will bring together two industry leaders with complementary product portfolios and customers, combining CPUs, GPUs, … Apr 7 AMD: Notice of Special Meeting of Stockholders (Xilinx Merger Vote) AMD and Xilinx Stockholders Overwhelmingly Approve AMD’s Acquisition of Xilinx. The AMD and Xilinx Boards of Directors each unanimously recommends that respective stockholders vote “FOR” the proposed acquisition and other … ET. SILICON VALLEY, Calif. ― April 7, 2021 ― AMD (NASDAQ:AMD) and Xilinx, Inc. (NASDAQ:XLNX) announced today that stockholders voted to approve their respective proposals relating to the pending acquisition of Xilinx by AMD.The acquisition will bring together two industry leaders with complementary product portfolios and customers, combining CPUs, GPUs, FPGAs, Adaptive SoCs and …

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