AMD, Xilinx Stockholders Approve Acquisition

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  • Stockholders have ratified Advanced Micro Devices Inc’s AMD impending acquisition of Xilinx Inc XLNX, consummating the union of corresponding product portfolios and customers, uniting CPUs, GPUs, FPGAs, Adaptive SoCs, and deep software expertise translating into consolidated computing platforms for cloud, edge, and end devices.
  • The arrangement will also drive the ability to tap opportunities spanning across the booming data centers, gaming, PCs, communications, automotive, industrial, aerospace, and defense.
  • AMD had agreed to acquire Xilinx for $35 billion last year. 
  • Price action: AMD shares traded higher by 0.80% at $82.09 on the last check Wednesday. XLNX shares traded higher by 0.84% at $131.5.
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