AMD and Xilinx Stockholders Overwhelmingly Approve AMD’s Acquisition of Xilinx

SILICON VALLEY, Calif. 04/07/2021

AMD (NASDAQ:AMD) and Xilinx, Inc (NASDAQ:XLNX) announ­ced today that stock­hol­ders voted to appro­ve their respec­ti­ve pro­po­sals rela­ting to the pen­ding acqui­si­ti­on of Xilinx by AMD. The acqui­si­ti­on will bring tog­e­ther two indus­try lea­ders with com­ple­men­ta­ry pro­duct port­fo­li­os and cus­to­mers, com­bi­ning CPUs, GPUs, FPGAs, Adap­ti­ve SoCs and deep soft­ware exper­ti­se to enab­le lea­ders­hip in com­pu­ting plat­forms for cloud, edge and end devices. Tog­e­ther, the com­bi­ned com­pa­ny will have the abi­li­ty to capi­ta­li­ze on oppor­tu­nities span­ning some of the industry’s most important growth seg­ments, inclu­ding data cen­ters, gaming, PCs, com­mu­ni­ca­ti­ons, auto­mo­ti­ve, indus­tri­al, aero­space and defense.

For several years, AMD has suc­cess­ful­ly exe­cu­t­ed our long-term growth stra­te­gy and deepe­ned the company’s part­ners­hips to dri­ve high per­for­mance com­pu­ting lea­ders­hip,” said 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,” said 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 remains sub­ject to the satis­fac­tion of other cus­to­ma­ry clo­sing con­di­ti­ons, inclu­ding the rece­i­pt of requi­red regu­la­to­ry appro­vals. The com­pa­nies con­ti­nue to expect that the tran­sac­tion will be com­ple­ted by the end of the 2021.

About AMD

For more than 50 years, AMD has dri­ven inno­va­ti­on in high-per­for­mance com­pu­ting, gra­phics and visua­liz­a­ti­on tech­no­lo­gies – the buil­ding blocks for gaming, immer­si­ve plat­forms and the data cen­ter. Hund­reds of mil­li­ons of con­su­mers, lea­ding For­tu­ne 500 busi­nes­ses and cut­ting-edge sci­en­ti­fic rese­arch faci­li­ties around the world rely on AMD tech­no­lo­gy dai­ly to impro­ve how they live, work and play. AMD employees around the world are focu­sed on buil­ding gre­at pro­ducts that push the bounda­ries of what is pos­si­ble. For more infor­ma­ti­on about how AMD is enab­ling today and inspi­ring tomor­row, visit the AMD (NASDAQ: AMDweb­siteblogFace­book and Twit­ter pages.

About Xilinx

Xilinx, Inc. deve­lo­ps high­ly fle­xi­ble and adap­ti­ve com­pu­ting plat­forms that enab­le rapid inno­va­ti­on across a varie­ty of tech­no­lo­gies — from the cloud, to the edge, to the end­point. Xilinx is the inven­tor of the FPGA and Adap­ti­ve SoCs (inclu­ding our Adap­ti­ve Com­pu­te Acce­le­ra­ti­on Plat­form, or ACAP), desi­gned to deli­ver the most dyna­mic com­pu­ting tech­no­lo­gy in the indus­try. We col­la­bo­ra­te with our cus­to­mers to crea­te scala­b­le, dif­fe­ren­tia­ted and intel­li­gent solu­ti­ons that enab­le the adap­ta­ble, intel­li­gent and con­nec­ted world of the future. For more infor­ma­ti­on, visit xilinx.com.

Cautionary Statement

The state­ments in this com­mu­ni­ca­ti­on inclu­de for­ward-loo­king state­ments con­cer­ning AMD, Xilinx, the pro­po­sed tran­sac­tion and other mat­ters. For­ward-loo­king state­ments may dis­cuss goals, inten­ti­ons and expec­ta­ti­ons as to future plans, trends, events, results of ope­ra­ti­ons or finan­cial con­di­ti­on, or other­wi­se, based on cur­rent beliefs and invol­ve nume­rous risks and uncer­tain­ties that could cau­se actu­al results to dif­fer mate­ri­al­ly from expec­ta­ti­ons. For­ward-loo­king state­ments speak only as of the date they are made or as of the dates indi­ca­ted in the state­ments and should not be reli­ed upon as pre­dic­tions of future events, as the­re can be no assuran­ce that the events or cir­cum­s­tan­ces reflec­ted in the­se state­ments will be achie­ved or will occur. For­ward-loo­king state­ments can often, but not always, be iden­ti­fied by the use of for­ward-loo­king ter­mi­no­lo­gy inclu­ding “belie­ves,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “pro for­ma,” “esti­ma­tes,” “anti­ci­pa­tes,” “desi­gned,” or the nega­ti­ve of the­se words and phra­ses, other varia­ti­ons of the­se words and phra­ses or com­pa­ra­ble ter­mi­no­lo­gy. The for­ward-loo­king state­ments in this com­mu­ni­ca­ti­on rela­te to, among other things, obtai­ning app­li­ca­ble regu­la­to­ry appro­vals of, or satisfy­ing the other clo­sing con­di­ti­ons to, the pro­po­sed tran­sac­tion. The­se for­ward-loo­king state­ments invol­ve risks and uncer­tain­ties that could cau­se actu­al results to dif­fer mate­ri­al­ly from tho­se con­tem­pla­ted by the state­ments. The­se risks inclu­de, among other things: fail­u­re to obtain app­li­ca­ble regu­la­to­ry appro­vals in a time­ly man­ner or other­wi­se; fail­u­re to satisfy other clo­sing con­di­ti­ons to the tran­sac­tion or to com­ple­te the tran­sac­tion on anti­ci­pa­ted terms and timing; risks that the busi­nes­ses will not be inte­gra­ted suc­cess­ful­ly or that the com­bi­ned com­pa­ny will not rea­li­ze expec­ted bene­fits, cost savings, accre­ti­on, syn­er­gies and/or growth, or that such bene­fits may take lon­ger to rea­li­ze than expec­ted; the risk that dis­rup­ti­ons from the tran­sac­tion will harm busi­ness plans and ope­ra­ti­ons; risks rela­ting to unan­ti­ci­pa­ted cos­ts of inte­gra­ti­on; signi­fi­cant tran­sac­tion and/or inte­gra­ti­on cos­ts, or dif­fi­cul­ties in con­nec­tion with the tran­sac­tion and/or unknown or ine­s­tim­a­ble lia­bi­li­ties; restric­tions during the pen­den­cy of the tran­sac­tion that may impact the abi­li­ty to pur­sue cer­tain busi­ness oppor­tu­nities or stra­te­gic tran­sac­tions; liti­ga­ti­on asso­cia­ted with the tran­sac­tion; the poten­ti­al impact of the con­sum­ma­ti­on of the tran­sac­tion on AMD’s, Xilinx’s or the com­bi­ned company’s rela­ti­ons­hips with sup­pliers, cus­to­mers, employ­ers and regu­la­tors; and demand for the com­bi­ned company’s pro­ducts. A more ful­so­me dis­cus­sion of the risks rela­ted to the pro­po­sed tran­sac­tion is inclu­ded in the joint pro­xy statement/prospectus. For a dis­cus­sion of fac­tors that could cau­se actu­al results to dif­fer mate­ri­al­ly from tho­se con­tem­pla­ted by for­ward-loo­king state­ments, see the sec­tion cap­tio­ned “Risk Fac­tors” in (i) AMD’s Annu­al Report on Form 10‑K for the fis­cal year ended Decem­ber 26, 2020 and AMD’s other filings with the SEC and (ii) Xilinx’s Annu­al Report on Form 10‑K for the fis­cal year ended March 28, 2020, Xilinx’s sub­se­quent Quar­ter­ly Reports on Form 10‑Q and Xilinx’s other filings with the SEC. While the lists of fac­tors pre­sen­ted here and in the joint pro­xy statement/prospectus are con­si­de­red repre­sen­ta­ti­ve, no such list should be con­si­de­red to be a com­ple­te state­ment of all poten­ti­al risks and uncer­tain­ties. Unlis­ted fac­tors may pre­sent signi­fi­cant addi­tio­nal obsta­cles to the rea­liz­a­ti­on of for­ward-loo­king state­ments. Many of the­se risks and uncer­tain­ties may be exa­cer­ba­ted by the COVID-19 pan­de­mic and any wor­se­ning of the glo­bal busi­ness and eco­no­mic envi­ron­ment as a result. Neit­her AMD nor Xilinx assu­mes, and each her­eby dis­c­laims, any obli­ga­ti­on to update for­ward-loo­king state­ments, except as may be requi­red by law.

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