When will AMD's acquisition of Xilinx xlnx close?
Advanced Micro Devices' AMD all-stock deal to acquire peer Xilinx XLNX is anticipated to close in the first quarter of 2022 delayed from the prior target of 2021 end. AMD has made this strategic transaction with an aim to strengthen the company's technology portfolio and expand its rapidly growing data center business amid strong competition.
Why did AMD and Xilinx announce the acquisition of Adaptive Computing?
“Bringing AMD and Xilinx together will accelerate our ability to define this new era of computing by providing the most comprehensive portfolio of adaptive computing platforms capable of powering a wide range of intelligent applications.”
What happened to Xilinx CEO Victor Peng?
Former Xilinx CEO Victor Peng will join AMD as president of the newly formed Adaptive and Embedded Computing Group (AECG). AECG remains focused on driving leadership FPGA, Adaptive SoC and software roadmaps, now with the additional scale of the combined company and the ability to offer an expanded set of solutions including AMD CPUs and GPUs.
What documents will AMD and Xilinx file with the SEC?
Each of AMD and Xilinx may also file other relevant documents with the SEC regarding the proposed transaction. This document is not a substitute for the joint proxy statement/prospectus or any other document that AMD or Xilinx may file with the SEC.