At the end of October, AMD and Xilinx announced that they would unite assets by exchanging shares without using cash. In the structure of the United Company’s capital, AMD shareholders will include 74%, and 26% will remain to the shareholders of Xilinx. This week, the transaction was approved by the meetings of shareholders of both companies, now the Word remains behind the antimonopoly bodies of various countries.
At the time of the announcement of the transaction, it was reported that the capitalization of the unified company will reach 35 billion. Although the association of companies will not entail any expenses in monetary terms, the nominal amount of the transaction is estimated at 5 billion after the absorption of Xilinx AMD will be able to become the fourth largest revenue by the chip developer. The United Company should be headed by Lisa Su (Lisa SU), the current head of Xilinx Victor Peng (Victor Peng) will be the AMD president responsible for the direction of programmable matrices, on the development of which Xilinx is now specializing.
The seventh of April was held meetings of shareholders of both companies, and now the decision on their upcoming union was supported by AMD and Xilinx shares. AMD Leader: “Absorption Xilinx indicates the next step towards the transformation of AMD in a better strategic partner for many large technological companies, since it makes it a sectoral leader who has a strategic vision, talent and scale necessary for the implementation of future innovations.”
Chapter Xilinx Victor Peng added: “The Xilinx team is one of the strongest in the industry, and we are waiting for the moment of joining AMD. We share with this company innovative culture, cooperation will allow us to speed up business development in the data center segment and cover a wider range of clients in the combined company. ” The transaction still has to be coordinated in the antimonopoly instances of several countries, the parties continue to calculate that the association of companies will be completed until the end of 2021.