From CNET: AMD has entered an agreement to acquire Xilinx for $35 billion, AMD said Tuesday. It's an effort to make AMD "the industry's high-performance computing leader," according to Lisa Su, the company's chief executive. The two firms would focus on producing a variety of chips and software for PCs and gaming, as well as products and software across the automative, communications, industrial, aerospace and defense industries.
"Joining together with AMD will help accelerate growth in our datacenter business and enable us to pursue a broader customer base across more markets," said Xilinx CEO Victor Peng.
Su would be the chief executive of the combined company, while Peng would become president of the Xilinx business arm. The combined company has an estimated value of $135 billion, but the acquisition has yet to pass regulatory hurdles, including approval by AMD and Xilinx shareholders. AMD said it expects to close the deal by the end of 2021.
If it were to pass regulatory review, the acquisition would be part of a wave of consolidation sweeping the chip industry, as semiconductor companies scramble to build products packed into phones, PCs, data centers, cars and other computing devices. Nvidia is trying to buy Arm, a designer of chips and chip technology used in every smartphone, a major expansion beyond Nvidia's business of graphics and artificial intelligence chips.
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