A PYMNTS Company

AMD Will Buy Chipmaker Xilinx For $35B

By  |  October 27, 2020

AMD has announced a deal to acquire programmable chipmaker Xilinx for US$35 billion to establish what CEO Lisa Su said will be “the industry’s high-performance computing leader.”

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Santa Clara, California-based company’s Tuesday, October 27, announcement marks yet another tectonic shift in the semiconductor industry following Nvidia’s announcement in September that it plans to buy British chip designer Arm for US$40 billion. 

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    The all-stock deal, which represents approximately US$143 per share of Xilinx common stock, has been approved by the boards of directors of both AMD and Xilinx, and it’s expected to close in late 2021 if it gets approved by regulators and meets other closing conditions, reported CRN.

    Su will serve as CEO of the combined company, while Xilinx President and CEO Victor Peng will be responsible for the Xilinx business and strategic growth initiatives. AMD will also add two Xilinx directors to its board of directors.

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.