AMD to acquire Xilinx
It would seem with the rise in stock prices the big tech companies are looking to make some purchases. Earlier this year NVIDIA announced they were buying ARM and will likely be a centerpiece in their AI efforts. It would seem that AMD is also on the hunt and will acquire Xilinx.
I'll be the first to admit saying "AMD is buying who?"
"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," AMD president and CEO Lisa Su said. "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."
"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," said Victor Peng, Xilinx president and CEO. "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."
Even after reading that I'm still a little confused as to what Xilinix does but, it seems that whatever they are doing they did it well enough to cost $35 Billion US in transacted stock. It will be interesting to see what they end up doing.
Related Web URL: https://www.digitimes.com/news/a20201028PD200.html
