Advanced Micro Devices, an American multinational semiconductor company, completed the acquisition of Xilinx, an American technology company that develops highly flexible and adaptive processing platforms, for $35bn. Current AMD stockholders will own c. 74% of the combined company on a fully diluted basis, while Xilinx stockholders will own c. 26%. “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. 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, AMD President and CEO. On February 10, 2022, AMD announced it had secured all necessary approvals for the deal.