After a couple of weeks of rumor, as well as a couple of years of hearsay, AMD has gone feet first into a full acquisition of FPGA manufacturer Xilinx. The deal involves an all-stock transaction, leveraging AMD’s sizeable share price in order to enable an equivalent $143 per Xilinx share – current AMD stockholders will still own 74% of the combined company, while Xilinx stockholders will own 26%. The combined $135 billion entity will total 13000 engineers, and expand AMD’s total addressable market to $110. It is believed that the key reasons for the acquisition lie in Xilinx’s adaptive computing solutions for the data center market.
This is breaking news. Will be updated.
Carousel Image is of AMD CEO Dr. Lisa Su and Xilinx CEO Victor Peng
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