AMD to acquire Xilinx for $35 billion

AMD announced they have entered into a definitive agreement to acquire Xilinx in an all-stock transaction valued at $35 billion. The combination, says AMD, will create the industry’s leading high-performance computing company. AMD believes it will significantly expand AMD’s product portfolio and customer set across diverse growth markets where Xilinx is an established leader. AMD says the transaction will immediately be accretive to AMD margins, EPS, and free cash flow generation and deliver industry-leading growth—but not completed until the end of 2021. The acquisition brings together two semiconductor companies with complementary product portfolios and customers. When completed, AMD will offer