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) announ¬≠ced today that stock¬≠hol¬≠ders voted to appro¬≠ve their respec¬≠ti¬≠ve pro¬≠po¬≠sals rela¬≠ting to the pen¬≠ding acqui¬≠si¬≠ti¬≠on of Xilinx by AMD. The acqui¬≠si¬≠ti¬≠on will bring tog¬≠e¬≠ther two indus¬≠try lea¬≠ders with com¬≠ple¬≠men¬≠ta¬≠ry pro¬≠duct port¬≠fo¬≠li¬≠os and cus¬≠to¬≠mers, com¬≠bi¬≠ning CPUs, GPUs, FPGAs, Adap¬≠ti¬≠ve SoCs and deep soft¬≠ware exper¬≠ti¬≠se to enable lea¬≠der¬≠ship in com¬≠pu¬≠ting plat¬≠forms for cloud, edge and end devices. Tog¬≠e¬≠ther, the com¬≠bi¬≠ned com¬≠pa¬≠ny will have the abili¬≠ty to capi¬≠ta¬≠li¬≠ze on oppor¬≠tu¬≠ni¬≠ties span¬≠ning some of the industry‚Äôs most important growth seg¬≠ments, inclu¬≠ding data cen¬≠ters, gam¬≠ing, PCs, com¬≠mu¬≠ni¬≠ca¬≠ti¬≠ons, auto¬≠mo¬≠ti¬≠ve, indus¬≠tri¬≠al, aero¬≠space and defense.

‚ÄúFor seve¬≠ral years, AMD has suc¬≠cessful¬≠ly exe¬≠cu¬≠ted our long-term growth stra¬≠tegy and deepe¬≠ned the company‚Äôs part¬≠ner¬≠ships to dri¬≠ve high per¬≠for¬≠mance com¬≠pu¬≠ting lea¬≠der¬≠ship,‚ÄĚ said Dr. Lisa Su, AMD pre¬≠si¬≠dent and CEO. ‚ÄúThe acqui¬≠si¬≠ti¬≠on of Xilinx marks the next leg in our jour¬≠ney to make AMD the stra¬≠te¬≠gic part¬≠ner of choice for the lar¬≠gest and most important tech¬≠no¬≠lo¬≠gy com¬≠pa¬≠nies in the world as an indus¬≠try lea¬≠der with the visi¬≠on, talent and sca¬≠le to sup¬≠port their future innovation.‚ÄĚ

‚ÄúThe Xilinx team is one of the stron¬≠gest in the indus¬≠try and we are thril¬≠led to be joi¬≠ning AMD,‚ÄĚ said Vic¬≠tor Peng, Xilinx pre¬≠si¬≠dent and CEO. ‚ÄúOur shared cul¬≠tures of inno¬≠va¬≠ti¬≠on, excel¬≠lence and col¬≠la¬≠bo¬≠ra¬≠ti¬≠on will enable us to acce¬≠le¬≠ra¬≠te growth in the data cen¬≠ter and pur¬≠sue a broa¬≠der cus¬≠to¬≠mer base across more mar¬≠kets as a com¬≠bi¬≠ned company.‚ÄĚ

The clo¬≠sing of the tran¬≠sac¬≠tion remains sub¬≠ject to the satis¬≠fac¬≠tion of other cus¬≠to¬≠ma¬≠ry clo¬≠sing con¬≠di¬≠ti¬≠ons, inclu¬≠ding the receipt of requi¬≠red regu¬≠la¬≠to¬≠ry appr¬≠ovals. The com¬≠pa¬≠nies con¬≠ti¬≠nue to expect that the tran¬≠sac¬≠tion will be com¬≠ple¬≠ted by the end of the 2021.

About AMD

For more than 50 years, AMD has dri¬≠ven inno¬≠va¬≠ti¬≠on in high-per¬≠for¬≠mance com¬≠pu¬≠ting, gra¬≠phics and visua¬≠liza¬≠ti¬≠on tech¬≠no¬≠lo¬≠gies ‚Äď the buil¬≠ding blocks for gam¬≠ing, immersi¬≠ve plat¬≠forms and the data cen¬≠ter. Hundreds of mil¬≠li¬≠ons of con¬≠su¬≠mers, lea¬≠ding For¬≠tu¬≠ne 500 busi¬≠nesses and cut¬≠ting-edge sci¬≠en¬≠ti¬≠fic rese¬≠arch faci¬≠li¬≠ties around the world rely on AMD tech¬≠no¬≠lo¬≠gy dai¬≠ly to impro¬≠ve how they live, work and play. AMD employees around the world are focu¬≠sed on buil¬≠ding gre¬≠at pro¬≠ducts that push the boun¬≠da¬≠ries of what is pos¬≠si¬≠ble. For more infor¬≠ma¬≠ti¬≠on about how AMD is enab¬≠ling today and inspi¬≠ring tomor¬≠row, visit the AMD (NASDAQ: AMDweb¬≠siteblogFace¬≠book and Twit¬≠ter pages.

About Xilinx

Xilinx, Inc. deve¬≠lo¬≠ps high¬≠ly fle¬≠xi¬≠ble and adap¬≠ti¬≠ve com¬≠pu¬≠ting plat¬≠forms that enable rapid inno¬≠va¬≠ti¬≠on across a varie¬≠ty of tech¬≠no¬≠lo¬≠gies ‚ÄĒ from the cloud, to the edge, to the end¬≠point. Xilinx is the inven¬≠tor of the FPGA and Adap¬≠ti¬≠ve SoCs (inclu¬≠ding our Adap¬≠ti¬≠ve Com¬≠pu¬≠te Acce¬≠le¬≠ra¬≠ti¬≠on Plat¬≠form, or ACAP), desi¬≠gned to deli¬≠ver the most dyna¬≠mic com¬≠pu¬≠ting tech¬≠no¬≠lo¬≠gy in the indus¬≠try. We col¬≠la¬≠bo¬≠ra¬≠te with our cus¬≠to¬≠mers to crea¬≠te sca¬≠lable, dif¬≠fe¬≠ren¬≠tia¬≠ted and intel¬≠li¬≠gent solu¬≠ti¬≠ons that enable the adap¬≠ta¬≠ble, intel¬≠li¬≠gent and con¬≠nec¬≠ted world of the future. For more infor¬≠ma¬≠ti¬≠on, visit xilinx.com.

Cautionary Statement

The state¬≠ments in this com¬≠mu¬≠ni¬≠ca¬≠ti¬≠on include for¬≠ward-loo¬≠king state¬≠ments con¬≠cer¬≠ning AMD, Xilinx, the pro¬≠po¬≠sed tran¬≠sac¬≠tion and other mat¬≠ters. For¬≠ward-loo¬≠king state¬≠ments may dis¬≠cuss goals, inten¬≠ti¬≠ons and expec¬≠ta¬≠ti¬≠ons as to future plans, trends, events, results of ope¬≠ra¬≠ti¬≠ons or finan¬≠cial con¬≠di¬≠ti¬≠on, or other¬≠wi¬≠se, based on cur¬≠rent beliefs and invol¬≠ve num¬≠e¬≠rous risks and uncer¬≠tain¬≠ties that could cau¬≠se actu¬≠al results to dif¬≠fer mate¬≠ri¬≠al¬≠ly from expec¬≠ta¬≠ti¬≠ons. For¬≠ward-loo¬≠king state¬≠ments speak only as of the date they are made or as of the dates indi¬≠ca¬≠ted in the state¬≠ments and should not be reli¬≠ed upon as pre¬≠dic¬≠tions of future events, as the¬≠re can be no assu¬≠rance that the events or cir¬≠cum¬≠s¬≠tances reflec¬≠ted in the¬≠se state¬≠ments will be achie¬≠ved or will occur. For¬≠ward-loo¬≠king state¬≠ments can often, but not always, be iden¬≠ti¬≠fied by the use of for¬≠ward-loo¬≠king ter¬≠mi¬≠no¬≠lo¬≠gy inclu¬≠ding ‚Äúbelie¬≠ves,‚ÄĚ ‚Äúexpects,‚ÄĚ ‚Äúmay,‚ÄĚ ‚Äúwill,‚ÄĚ ‚Äúshould,‚ÄĚ ‚Äúseeks,‚ÄĚ ‚Äúintends,‚ÄĚ ‚Äúplans,‚ÄĚ ‚Äúpro for¬≠ma,‚ÄĚ ‚Äúesti¬≠ma¬≠tes,‚ÄĚ ‚Äúanti¬≠ci¬≠pa¬≠tes,‚ÄĚ ‚Äúdesi¬≠gned,‚ÄĚ or the nega¬≠ti¬≠ve of the¬≠se words and phra¬≠ses, other varia¬≠ti¬≠ons of the¬≠se words and phra¬≠ses or com¬≠pa¬≠ra¬≠ble ter¬≠mi¬≠no¬≠lo¬≠gy. The for¬≠ward-loo¬≠king state¬≠ments in this com¬≠mu¬≠ni¬≠ca¬≠ti¬≠on rela¬≠te to, among other things, obtai¬≠ning appli¬≠ca¬≠ble regu¬≠la¬≠to¬≠ry appr¬≠ovals of, or satis¬≠fy¬≠ing the other clo¬≠sing con¬≠di¬≠ti¬≠ons to, the pro¬≠po¬≠sed tran¬≠sac¬≠tion. The¬≠se for¬≠ward-loo¬≠king state¬≠ments invol¬≠ve risks and uncer¬≠tain¬≠ties that could cau¬≠se actu¬≠al results to dif¬≠fer mate¬≠ri¬≠al¬≠ly from tho¬≠se con¬≠tem¬≠pla¬≠ted by the state¬≠ments. The¬≠se risks include, among other things: fail¬≠ure to obtain appli¬≠ca¬≠ble regu¬≠la¬≠to¬≠ry appr¬≠ovals in a time¬≠ly man¬≠ner or other¬≠wi¬≠se; fail¬≠ure to satis¬≠fy other clo¬≠sing con¬≠di¬≠ti¬≠ons to the tran¬≠sac¬≠tion or to com¬≠ple¬≠te the tran¬≠sac¬≠tion on anti¬≠ci¬≠pa¬≠ted terms and timing; risks that the busi¬≠nesses will not be inte¬≠gra¬≠ted suc¬≠cessful¬≠ly or that the com¬≠bi¬≠ned com¬≠pa¬≠ny will not rea¬≠li¬≠ze expec¬≠ted bene¬≠fits, cost savings, accre¬≠ti¬≠on, syn¬≠er¬≠gies and/or growth, or that such bene¬≠fits may take lon¬≠ger to rea¬≠li¬≠ze than expec¬≠ted; the risk that dis¬≠rup¬≠ti¬≠ons from the tran¬≠sac¬≠tion will harm busi¬≠ness plans and ope¬≠ra¬≠ti¬≠ons; risks rela¬≠ting to unan¬≠ti¬≠ci¬≠pa¬≠ted cos¬≠ts of inte¬≠gra¬≠ti¬≠on; signi¬≠fi¬≠cant tran¬≠sac¬≠tion and/or inte¬≠gra¬≠ti¬≠on cos¬≠ts, or dif¬≠fi¬≠cul¬≠ties in con¬≠nec¬≠tion with the tran¬≠sac¬≠tion and/or unknown or ine¬≠sti¬≠ma¬≠ble lia¬≠bi¬≠li¬≠ties; rest¬≠ric¬≠tions during the pen¬≠den¬≠cy of the tran¬≠sac¬≠tion that may impact the abili¬≠ty to pur¬≠sue cer¬≠tain busi¬≠ness oppor¬≠tu¬≠ni¬≠ties or stra¬≠te¬≠gic tran¬≠sac¬≠tions; liti¬≠ga¬≠ti¬≠on asso¬≠cia¬≠ted with the tran¬≠sac¬≠tion; the poten¬≠ti¬≠al impact of the con¬≠sum¬≠ma¬≠ti¬≠on of the tran¬≠sac¬≠tion on AMD‚Äôs, Xilinx‚Äôs or the com¬≠bi¬≠ned company‚Äôs rela¬≠ti¬≠onships with sup¬≠pli¬≠ers, cus¬≠to¬≠mers, employ¬≠ers and regu¬≠la¬≠tors; and demand for the com¬≠bi¬≠ned company‚Äôs pro¬≠ducts. A more ful¬≠so¬≠me dis¬≠cus¬≠sion of the risks rela¬≠ted to the pro¬≠po¬≠sed tran¬≠sac¬≠tion is included in the joint pro¬≠xy statement/prospectus. For a dis¬≠cus¬≠sion of fac¬≠tors that could cau¬≠se actu¬≠al results to dif¬≠fer mate¬≠ri¬≠al¬≠ly from tho¬≠se con¬≠tem¬≠pla¬≠ted by for¬≠ward-loo¬≠king state¬≠ments, see the sec¬≠tion cap¬≠tio¬≠ned ‚ÄúRisk Fac¬≠tors‚ÄĚ in (i) AMD‚Äôs Annu¬≠al Report on Form 10‚ÄĎK for the fis¬≠cal year ended Decem¬≠ber 26, 2020 and AMD‚Äôs other filings with the SEC and (ii) Xilinx‚Äôs Annu¬≠al Report on Form 10‚ÄĎK for the fis¬≠cal year ended March 28, 2020, Xilinx‚Äôs sub¬≠se¬≠quent Quar¬≠ter¬≠ly Reports on Form 10‚ÄĎQ and Xilinx‚Äôs other filings with the SEC. While the lists of fac¬≠tors pre¬≠sen¬≠ted here and in the joint pro¬≠xy statement/prospectus are con¬≠side¬≠red repre¬≠sen¬≠ta¬≠ti¬≠ve, no such list should be con¬≠side¬≠red to be a com¬≠ple¬≠te state¬≠ment of all poten¬≠ti¬≠al risks and uncer¬≠tain¬≠ties. Unlis¬≠ted fac¬≠tors may pre¬≠sent signi¬≠fi¬≠cant addi¬≠tio¬≠nal obs¬≠ta¬≠cles to the rea¬≠liza¬≠ti¬≠on of for¬≠ward-loo¬≠king state¬≠ments. Many of the¬≠se risks and uncer¬≠tain¬≠ties may be exa¬≠cer¬≠ba¬≠ted by the COVID-19 pan¬≠de¬≠mic and any wor¬≠sening of the glo¬≠bal busi¬≠ness and eco¬≠no¬≠mic envi¬≠ron¬≠ment as a result. Neither AMD nor Xilinx assu¬≠mes, and each her¬≠eby dis¬≠claims, any obli¬≠ga¬≠ti¬≠on to update for¬≠ward-loo¬≠king state¬≠ments, except as may be requi¬≠red by law.