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.
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.
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