AMD To Acquire Xilinx In $35 Billion Stock Deal
Written by Michael Larabel in AMD on 27 October 2020 at 07:00 AM EDT. 40 Comments
AMD --
Following the rumors earlier this month that AMD was in talks to acquire Xilinx, a deal has been announced this morning.

AMD is acquiring Xilinx in an all-stock transaction worth $35 billion USD. The combined enterprise value is approximately $135 billion of the two companies. They expect the deal to close by end of calendar year 2021.

Details on the deal via the AMD press release that just hit the wire.

This comes as this morning AMD reported their Q3'2020 financial results with revenue growth by 56% and net income and EPS doubled year-over-year. AMD pulled in $2.80 billion for Q3. Their computing and graphics segment saw revenue up by 31% year-over-year and 22% for quarter-over-quarter. AMD expects to hit $3.0 billion in revenue for Q4.
Related News
About The Author
Author picture

Michael Larabel is the principal author of Phoronix.com and founded the site in 2004 with a focus on enriching the Linux hardware experience. Michael has written more than 20,000 articles covering the state of Linux hardware support, Linux performance, graphics drivers, and other topics. Michael is also the lead developer of the Phoronix Test Suite, Phoromatic, and OpenBenchmarking.org automated benchmarking software. He can be followed via Twitter or contacted via MichaelLarabel.com.

Popular News This Week