Advanced Micro Devices acquired Xilinx, Inc. for $35 billion all-stock at announcement (October 2020); ~$49 billion equity value at February 2022 close, a transaction completed in February 2022, structured as All stock — fixed exchange ratio of 1.7234 AMD shares per Xilinx share. The deal was a Merger.
Xilinx, Inc. operates in Adaptive computing — FPGAs and Adaptive SoCs. AMD's largest acquisition by far: an all-stock merger with Xilinx, the leading provider of FPGAs and adaptive SoCs. Announced in October 2020 at a $35 billion valuation with a combined enterprise value of roughly $135 billion, the deal closed February 14, 2022 via merger sub 'Thrones Merger Sub.' Xilinx holders received 1.7234 AMD shares per Xilinx share; AMD holders ended up owning about 74% of the combined company. It brought FPGAs, Adaptive SoCs, accelerators and SmartNICs into AMD's portfolio.
To create the industry's leading high-performance computing company, expand AMD's data-center business and grow its total addressable market to roughly $110 billion across cloud, edge, communications, automotive, industrial, aerospace and defense.
No. 1 position in adaptive computing, complementary data-center portfolio, broad end-market reach Approximately $300 million of operational efficiencies targeted within 18 months of close Xilinx business unit led by Victor Peng as AMD president
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.Dr. Lisa Su, President and CEO, AMD
We are excited to join the AMD family. Our shared cultures of innovation, excellence and collaboration make this an ideal combination. Together, we will lead the new era of high performance and adaptive computing.Victor Peng, President and CEO, Xilinx
Advisory firms were not disclosed for this transaction.