Advanced Micro Devices (AMD) on Monday completed the largest acquisition in semiconductor industry history with its $49 billion purchase of Xilinx. AMD stock rose on the news.
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In a news release, AMD said the transaction creates a leader in high-performance and adaptive computing. It also expands AMD’s total addressable market to about $135 billion from $80 billion.
AMD announced the all-stock deal in October 2020. At the time, the transaction was worth $35 billion, but its value climbed with AMD stock.
AMD makes central processing units and graphics processors while Xilinx makes specialty chips known as field-programmable gate arrays, or FPGAs, and adaptive system-on-a-chip devices, or SoCs. The acquisition will allow AMD to capture more of the data center market.
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