Technology

AMD buys Xilinx for $ 35 billion

AMD has announced what is its biggest acquisition ever, buying Xilinx for $ 35 billion, making the company one of its biggest competitors. The latter presented financial results and projections that exceeded expectations.

This acquisition, which AMD hopes to finalize by the end of 2021, will create a new group of 13,000 engineers. It will, like AMD for several years, rely on a strategy of 100% chip manufacturing outsourcing, largely dependent on TSMC.

AMD’s proposed buyout of Xilinx anticipates that Xilinx shareholders will receive approximately 1.7 AMD shares for each of their securities, worth $ 143, or 24.8% above the closing price. The current shareholders of AMD will hold 74% of the capital of the new group, those of Xilinx 26%, and this new group will be led by Lisa Su. His Xilinx counterpart, Victor Peng, will be responsible for the company’s legacy activities and new growth initiatives, with the title of Chairman of the Board. The two companies expect their combination to generate $ 300 million in overall savings.

Xilinx passes into AMD hands for $ 35 billion

AMD has long been Intel’s main competitor in the computer processor market. But its CEO, in office since 2014, is focusing on the more dynamic segment of chips for data centers. Since then, the group has taken the lead of Intel in terms of processor performance, which has enabled it to increase its market share, where it now holds just under 20%.

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