World News – UK – AMD buys rival Xilinx in $ 35 billion deal

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Advanced Micro Devices has agreed to buy rival chipmaker Xilinx in all-stock deal valued at $ 35 billion

AMD said on Tuesday that the combination will create « the industry’s leading high performance computing company, significantly expanding AMD’s product line and customer base in various growing markets where Xilinx is an established leader »

Transaction is expected to immediately boost AMD’s margins, earnings per share and free cash flow generation

Lisa Su, President and CEO of AMD, said, “Our acquisition of Xilinx marks the next step in our journey to make AMD the leader in high performance computing and the partner of choice for largest and most important technology companies in the world

« 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 company Merged The Xilinx team is one of the strongest in the industry and we are delighted to welcome them to the AMD family.By combining our world-class engineering teams and deep domain expertise, we will create a leader in the industry. industry with the vision, talent and scale to define the future of high performance computing »

Under the terms of the agreement, Xilinx shareholders will receive a fixed exchange ratio of 17,234 AMD common shares for each of their shares

After closing, current AMD shareholders will own approximately 74% of the combined company on a fully diluted basis, while Xilinx shareholders will own the remainder

Advanced Micro Devices, Xilinx, Intel, Stock

World News – UK – AMD to buy rival Xilinx in $ 35 billion deal



SOURCE: https://www.w24news.com/news/world-news-uk-amd-buys-rival-xilinx-in-35-billion-deal/?remotepost=475231

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