The acquisition, which was initially announced on October 27, 2020, establishes the industry's leader in high-performance and adaptable computing, with significantly increased scale and the industry's best portfolio of leadership computing, graphics, and adaptive SoC technologies.

AMD announced the completion of its all-stock acquisition of Xilinx. AMD anticipates the transaction to be immediately accretive to non-GAAP margins, non-GAAP earnings per share, and free cash flow generation.

"The purchase of Xilinx combines a highly complementary collection of technologies, customers, and markets with differentiated intellectual property and world-class people to establish AMD as the global leader in high-performance and adaptive computing," AMD President and CEO Dr. Lisa Su stated. "With Xilinx's industry-leading FPGAs, adaptive SoCs, AI engines, and software expertise, AMD can offer the industry's strongest portfolio of high-performance and adaptive computing solutions and capture a larger share of the approximately $135 billion market opportunity across cloud, edge, and intelligent devices."

Victor Peng, the former CEO of Xilinx, has joined AMD as president of the company's newly formed Adaptive and Embedded Computing Group (AECG). AECG will continue to focus on leading FPGA, adaptive SoC, and software roadmaps, but with the added size of the combined company and the flexibility to offer a broader portfolio of solutions that includes AMD CPUs and GPUs.

"The exponential growth of connected devices and data-intensive applications with embedded AI is increasing need for highly efficient and adaptive high-performance computing solutions," Victor Peng explained. "By combining AMD and Xilinx, we will accelerate our capacity to define this new era of computing by offering the broadest portfolio of adaptable computing platforms capable of powering a wide variety of intelligent applications."

At closing, Xilinx common stockholders received 1.7234 shares of AMD common stock and cash in place of any fractional shares of AMD common stock. The common stock of Xilinx will be delisted from the NASDAQ stock market.