AMD has officially completed is acquisition of Xilinx in an all-stock transaction. The acquisition was originally announced on October 2022 and aims to create a high-performance and adaptive computing leader with expanded scale and a solid portfolio in computing, graphics, and adaptive SoC devices. AMD expects the acquisition to be accretive to non-GAAP margins, non-GAAP EPS, and free cash flow generation in the first year.
The acquisition of Xilinx allows AMD to tap their industry-leading FPGAs, adaptive SoCs, AI engines, and software expertise. This can lead to a stronger portolio of high-performance and adaptive computing solutions in the industry and capture a larger share of the approximate USD 135 billion market across cloud, edge, and intelligent devices.
Former Xilinx CEO Victor Peng will join AMD as president of the newly formed Adaptive and Embedded Computing Group (AECG). AECG will be focused on FPGA, adaptive SoC, and software roadmaps. And with the additional scale of both companies, they now have the ability to offer an expanded set of solutions including AMD CPUs and GPUs.
Upon close, Xilinx stock holders received 1.7234 shares of AMD common stock and cash in lieu of any fractional shares of AMD common stock for each share of Xilinx common stock. Xilinx will no longer be listed for trading on NASDAQ.
