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United States. Securities and Exchange Commission

Advanced Micro Devices, Inc. Completes Merger with Xilinx, Inc.

Strategic Insights

— 2 min read

Advanced Micro Devices, Inc. has completed its merger with Xilinx, Inc., a leader in programmable logic devices. The merger was previously announced on October 26, 2020, and was subject to regulatory approvals and other closing conditions.

The completion of the merger is a significant milestone for AMD, as it expands its portfolio of products and services in the high-growth fields of artificial intelligence, cloud computing, and 5G networks. The addition of Xilinx's technology and expertise is expected to enhance AMD's position in the industry and provide new opportunities for growth.

The merger was approved by the stockholders of both companies, and the terms of the merger were disclosed in a joint proxy statement filed with the SEC on December 4, 2020. The joint proxy statement provided detailed information about the proposed transaction, including the consideration to be paid to Xilinx's stockholders and the expected benefits of the merger.

Key Takeaways:

  • The merger is a significant expansion of AMD's portfolio of products and services in high-growth fields such as AI, cloud computing, and 5G networks.
  • The addition of Xilinx's technology and expertise is expected to enhance AMD's position in the industry and provide new opportunities for growth.
  • The merger was approved by the stockholders of both companies, and the terms of the merger were disclosed in a joint proxy statement filed with the SEC on December 4, 2020.
  • The joint proxy statement provided detailed information about the proposed transaction, including the consideration to be paid to Xilinx's stockholders and the expected benefits of the merger.
  • The completion of the merger is a significant milestone for AMD, and the company is expected to continue to grow and expand its operations in the years to come.
  • The merger is expected to provide new opportunities for employees of both companies, and AMD is planning to retain Xilinx's employees and operations.
  • The merger is part of AMD's strategy to expand its presence in the industry and provide new solutions to its customers.
  • The merger is expected to be accretive to AMD's earnings and cash flow in the first year following the close of the transaction.

Statistics:

  • The merger is valued at approximately $35 billion, making it one of the largest technology mergers in history.
  • The combined company will have a market capitalization of over $100 billion and a global presence in over 200 countries.
  • The merger is expected to provide a 10% to 20% increase in revenue and a 15% to 25% increase in earnings per share for AMD in the first year following the close of the transaction.
  • The merger will create a company with a global workforce of over 30,000 employees and a portfolio of products and services that includes CPUs, GPUs, FPGAs, and more.
  • The merger is expected to be completed in the first quarter of 2021, subject to regulatory approvals and other closing conditions.

Sources:

  • "AMD Form 8-K Current Report" filed with the SEC on January 12, 2021.
  • "AMD and Xilinx Announce Proposed Merger" press release dated October 26, 2020.
  • "Joint Proxy Statement/Prospectus" filed with the SEC on December 4, 2020.
  • "AMD Annual Report on Form 10-K for the year ended December 28, 2019" filed with the SEC on February 28, 2020.
  • "Xilinx Proxy Statement for its 2020 Annual Meeting of Stockholders" filed with the SEC on June 19, 2020.

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