After a few days and weeks of suspicions about the alleged takeover of the FPGA specialist Xilinx by AMD, AMD has now made the planned transaction official. The purchase is said to have a transaction volume of 35 billion US dollars. Xilinx shareholders will receive 1, 7234 AMD shares per share. Basically, it’s a merger, because AMD shareholders will later hold 74% of the company and Xilinx shareholders will hold the remaining 26%.

Xilinx is a provider of special FPGA solutions in the data center. The market in this area is estimated at a volume of 135 billion US dollars. With the announcement of the figures for the third quarter 2020, also taking place today, AMD is adding the margins, profit, sales and cash flow of Xilinx to its own company.

“Our acquisition of Xilinx marks the next leg in our journey to establish AMD as the industry’s high performance computing leader and partner of choice for the largest and most important technology companies in the world, “ says AMD’s CEO Dr. Lisa Su. “This is truly a compelling combination that will create significant value for all stakeholders, including AMD and Xilinx shareholders who will benefit from the future growth and upside potential of the combined company. The Xilinx team is one of the strongest in the industry and we are thrilled to welcome them to the AMD family. By combining our world-class engineering teams and deep domain expertise, we will create an industry leader with the vision, talent and scale to define the future of high performance computing. “

Lisa Su will lead the new company as CEO. Former Xilinx CEO Victor Peng will head the corresponding division in the new joint venture. The Boards of Directors of AMD and Xilinx have already given their approval. Now the shareholders and regulatory authorities have to agree.