AMD today announced the completion of its purchase of computing solutions firm Xilinx. This transaction has been approved and the payment to Xilinx has been made entirely through the purchase of shares.
Former Xilinx CEO Victor Peng will join AMD as president of the newly formed Embedded and Adaptive Computing Group. AECG remains focused on driving roadmaps for FPGAs, Adaptive SoCs, and software. They now have the added scale of the combined company and the ability to offer an expanded set of solutions that include AMD CPUs and GPUs.
The future of AMD and Hilinx together
Victor Peng, former CEO of Hilinx commented on this acquisition that the rapid expansion of connected devices and data-intensive applications with embedded AI are driving the growing demand for highly efficient and adaptable high-performance computing solutions. They expect the merger of AMD and Xilinx Accelerate your ability to define this new era of computing by offering a comprehensive portfolio of adaptive computing platforms capable of powering a wide range of intelligent applications.
Upon closing of the deal, Xilinx shareholders received 17.234 shares of AMD common stock, and cash in lieu of any fractional shares of AMD common stock for each Xilinx common share. Xilinx common stock will delist from the NASDAQ stock market, to reflect that it is now wholly owned by AMD.
In the question and answer section about this acquisition, AMD has insisted that the plans of neither of the two companies are going to change– It is expected that in the future after this purchase, the software developed by Xilinx will be strongly supported by AMD hardware, which has high-end CPUs such as Threadripper and Epyc, and high capacity graphics.
Source: Videocardz
