AMD acquires fellow chipmaker Xilinx in $35bn deal

US multinational semiconductor company AMD has acquired fellow semiconductor and integrated circuits company Xilinx.

The all-stock deAMD acquires fellow chipmaker Xilinx in $35bn dealal is valued at $35bn, and significantly increases AMD’s clout against its main competitor, compatriot Intel.

AMD said the deal would make it the industry’s “leading high performance computing company”, expanding its product portfolio and contributing significantly to growth.

AMD President and CEO Dr. Lisa Su said in a press release: “Our acquisition of Xilinx marks the next leg in our journey to establish AMD as the industry’s high performance computing leader and partner of choice for the largest and most important technology companies in the world.

“This is truly a compelling combination that will create significant value for all stakeholders, including AMD and Xilinx shareholders who will benefit from the future growth and upside potential of the combined company. The Xilinx team is one of the strongest in the industry and we are thrilled to welcome them to the AMD family. By combining our world-class engineering teams and deep domain expertise, we will create an industry leader with the vision, talent and scale to define the future of high performance computing.”

AMD is already well known for its central and graphical processing units (CPUs and GPUs), being the main consumer competitor to Intel for the former and Nvidia for the latter. Together with Xilinx, its portfolio now includes Field-programmable gate arrays (FPGAs) and systems-on-chips (SOCs) - integrated circuits that thor party manufacturers assemble to build devices in areas such as IoT and edge devices.

Victor Peng, Xilinx president and CEO, said:. “Our leading FPGAs, Adaptive SoCs, accelerator and SmartNIC solutions enable innovation from the cloud, to the edge and end devices. We empower our customers to deploy differentiated platforms to market faster, and with optimal efficiency and performance. Joining together with AMD will help accelerate growth in our data center business and enable us to pursue a broader customer base across more markets.”