Wednesday, November 18, 2020
Home News AMD bought from Xilinx for $ 35 billion in an all-stock deal

AMD bought from Xilinx for $ 35 billion in an all-stock deal

AMD is buying Exilinx for $ 35 billion (about Rs 2,57,900 crore) in an all-stock deal that will merge the two Silicon Valley chipmakers.

The deal announced Tuesday AMD In one place it wants to happen; Compete more with Intel.

Xilinx Shareholders will receive 1.7234 shares of AMD stock for each Xilinx share, or approximately $ 143 (approximately Rs 10,500) per share of Xilinx stock35 billion dollars in rupees in words.

AMD stockholders will own approximately 74 percent of the combined company, with Exilinx stockholders owning approximately 26 percent.

The transaction will give AMD a strong portfolio of high-performance processor technologies, providing deep software expertise to enable CPUs, GPUs, FPGAs, adaptive SoCs, and leadership computing platforms for cloud, edge, and end devices.

“Pairing with AMD will accelerate growth in our data center business and help us build a wider customer base in more markets,” said Xilinx CEO Victor Peng in a prepared statement.

AMD CEO Dr. Lisa Su will lead the combined company as CEO. Peng Xilinx will join AMD as chairman, responsible for business and strategic development initiatives. Once the transaction is completed, at least two Xilinx directors will join AMD’s board.

The deal is expected to close by the end of next year. It still needs approval from shareholders of both companies.

Shares of Xilinx fell nearly 2 percent before the market opened on Tuesday, while AMD’s stock rose slightly.

Our iPhone 12 Mini, HomePod Mini the Perfect Apple Device for India? We discussed it In class, Our weekly technology podcast, which you can subscribe to through Apple Podcast, Google Podcast, or RSS, Download episode Or simply hit the play button below.

Source link

Gautam Bisht
Hey there, welcome to I am Gautam Bisht, a Digital Entrepreneur from India. My mission is to help people build their own digital assets and one of them is BLOG and I’m here to help you build and grow a successful money-making blog


Please enter your comment!
Please enter your name here

Most Popular

Lenovo, Apple Lead PC Segment in Q3, Chromebooks Bestsellers: Canalys

According to a market analysis report by research firm Canalys, Chromebooks and tablets saw a boom in the third quarter of 2020, while...

macOS Big Sur now available: how to download and install

macOS Big Sur is out now. The new MacOS update, the largest of 2020, brings a range of new features for Mac...

Apple to Launch M1-Powered 14-Inch, 16-inch MacBook Pro Laptop and New Mac Pro in 2021: Report

Apple could reportedly launch new 14-inch and 16-inch MacBook Pro laptops in 2021 powered by its new in-house M1 chip. According to...

MacBook Air with M1 processor beats 16-inch MacBook Pro, all other processors on Geekbench leaderboard

The MacBook Air is spotted on Geekbench with the new M1 processor and it outperforms the 16-inch MacBook Pro with the Intel Core...

Recent Comments