Home Technology News Today AMD and Xilinx Stockholders Overwhelmingly Approve AMD’s

AMD and Xilinx Stockholders Overwhelmingly Approve AMD’s

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AMD (NASDAQ:AMD) and Xilinx, Inc. (NASDAQ:XLNX) introduced as we speak that stockholders voted to approve their respective proposals referring to the pending acquisition of Xilinx by AMD. The acquisition will convey collectively two business leaders with complementary product portfolios and prospects, combining CPUs, GPUs, FPGAs, Adaptive SoCs and deep software program experience to allow management in computing platforms for cloud, edge and finish units. Together, the mixed firm may have the power to capitalize on alternatives spanning a number of the business’s most necessary progress segments, together with information facilities, gaming, PCs, communications, automotive, industrial, aerospace and protection.

“For several years, AMD has successfully executed our long-term growth strategy and deepened the company’s partnerships to drive high performance computing leadership,” mentioned Dr. Lisa Su, AMD president and CEO. “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,” mentioned 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 stays topic to the satisfaction of different customary closing situations, together with the receipt of required regulatory approvals. The firms proceed to count on that the transaction might be accomplished by the tip of the 2021.



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