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AMD and Xilinx stockholders approve proposed acquisition
The stockholders of both companies voted to approve their respective proposals relating to the pending acquisition of Xilinx by AMD.
The acquisition will bring together two heavy hitters in the industry with complementary product portfolios and customers, combining CPUs, GPUs, FPGAs, Adaptive SoCs and deep software expertise. Together, the combined company will have the ability to capitalise on opportunities spanning growth segments including data centers, gaming, PCs, communications, automotive, industrial, aerospace and defense. “For several years, AMD has successfully executed our long-term growth strategy and deepened the company’s partnerships to drive high performance computing leadership,” says Dr. Lisa Su, AMD president and CEO in a press release. “The acquisition of Xilinx marks the next leg in our journey to make AMD the strategic partner of choice for the largest and most important technology companies in the world as an industry leader with the vision, talent and scale to support their future innovation.” “The Xilinx team is one of the strongest in the industry and we are thrilled to be joining AMD,” adds Victor Peng, Xilinx president and CEO. “Our shared cultures of innovation, excellence and collaboration will enable us to accelerate growth in the data center and pursue a broader customer base across more markets as a combined company.” The closing of the transaction remains subject to the satisfaction of other customary closing conditions, including the receipt of required regulatory approvals. The companies continue to expect that the transaction will be completed by the end of the 2021.