AMD Receives All Necessary Approvals for Proposed Acquisition of Xilinx

Tran짯sac짯tion expec짯ted to clo짯se on or about Febru짯ary 14, 2022

SILICON VALLEY, Calif., Feb. 10, 2022 (GLOBE NEWSWIRE) AMD (NASDAQ: AMD) today announ짯ced that it has recei짯ved appr짯oval from all neces짯sa짯ry aut짯ho짯ri짯ties to pro짯ceed with the acqui짯si짯ti짯on of Xilinx, Inc. (NASDAQ: XLNX).


With the excep짯ti짯on of the remai짯ning cus짯to짯ma짯ry clo짯sing con짯di짯ti짯ons, all con짯di짯ti짯ons to the tran짯sac짯tion clo짯sing have been satis짯fied and the com짯pa짯ny expects the tran짯sac짯tion to clo짯se on or about Febru짯ary 14, 2022.


AMD announ짯ced its inten짯ti짯on to acqui짯re Xilinx in an all-stock tran짯sac짯tion on Octo짯ber 27, 2020. The tran짯sac짯tion brings tog짯e짯ther two indus짯try lea짯ders with com짯ple짯men짯ta짯ry pro짯duct port짯fo짯li짯os and cus짯to짯mers, com짯bi짯ning CPUs, GPUs, FPGAs, Adap짯ti짯ve SoCs and deep soft짯ware exper짯ti짯se to enable lea짯der짯ship com짯pu짯ting plat짯forms for cloud, edge and intel짯li짯gent end devices.


About AMD

For more than 50 years AMD has dri짯ven inno짯va짯ti짯on in high-per짯for짯mance com짯pu짯ting, gra짯phics and visua짯liza짯ti짯on tech짯no짯lo짯gies the buil짯ding blocks for gam짯ing, immersi짯ve plat짯forms and the data cen짯ter. Hundreds of mil짯li짯ons of con짯su짯mers, lea짯ding For짯tu짯ne 500 busi짯nesses and cut짯ting-edge sci짯en짯ti짯fic rese짯arch faci짯li짯ties around the world rely on AMD tech짯no짯lo짯gy dai짯ly to impro짯ve how they live, work and play. AMD employees around the world are focu짯sed on buil짯ding gre짯at pro짯ducts that push the boun짯da짯ries of what is pos짯si짯ble. For more infor짯ma짯ti짯on about how AMD is enab짯ling today and inspi짯ring tomor짯row, visit the AMD (NASDAQ: AMD) web짯site, blog, Face짯book and Twit짯ter pages.


About Xilinx

Xilinx, Inc. deve짯lo짯ps high짯ly fle짯xi짯ble and adap짯ti짯ve com짯pu짯ting plat짯forms that enable rapid inno짯va짯ti짯on across a varie짯ty of tech짯no짯lo짯gies from the cloud, to the edge, to the end짯point. Xilinx is the inven짯tor of the FPGA and Adap짯ti짯ve SoCs (inclu짯ding our Adap짯ti짯ve Com짯pu짯te Acce짯le짯ra짯ti짯on Plat짯form, or ACAP), desi짯gned to deli짯ver the most dyna짯mic com짯pu짯ting tech짯no짯lo짯gy in the indus짯try. We col짯la짯bo짯ra짯te with our cus짯to짯mers to crea짯te sca짯lable, dif짯fe짯ren짯tia짯ted and intel짯li짯gent solu짯ti짯ons that enable the adap짯ta짯ble, intel짯li짯gent and con짯nec짯ted world of the future. For more infor짯ma짯ti짯on, visit


AMD and the AMD Arrow logo are trade짯marks of Advan짯ced Micro Devices, Inc. Other names are for infor짯ma짯tio짯nal pur짯po짯ses only and may be trade짯marks of their respec짯ti짯ve owners.




The state짯ments in this press release include for짯ward-loo짯king state짯ments con짯cer짯ning AMD, Xilinx, the pro짯po짯sed tran짯sac짯tion and other mat짯ters. For짯ward-loo짯king state짯ments may dis짯cuss goals, inten짯ti짯ons and expec짯ta짯ti짯ons as to future plans, trends, events, results of ope짯ra짯ti짯ons or finan짯cial con짯di짯ti짯on, or other짯wi짯se, based on cur짯rent beliefs and invol짯ve num짯e짯rous risks and uncer짯tain짯ties that could cau짯se actu짯al results to dif짯fer mate짯ri짯al짯ly from expec짯ta짯ti짯ons. For짯ward-loo짯king state짯ments speak only as of the date they are made or as of the dates indi짯ca짯ted in the state짯ments and should not be reli짯ed upon as pre짯dic짯tions of future events, as the짯re can be no assu짯rance that the events or cir짯cum짯s짯tances reflec짯ted in the짯se state짯ments will be achie짯ved or will occur. For짯ward-loo짯king state짯ments can often, but not always, be iden짯ti짯fied by the use of for짯ward-loo짯king ter짯mi짯no짯lo짯gy inclu짯ding 쐀elie짯ves, 쐃xpects, 쐌ay, 쐗ill, 쐓hould, 쐓eeks, 쐇ntends, 쐏lans, 쐏ro for짯ma, 쐃sti짯ma짯tes, 쏿nti짯ci짯pa짯tes, 쐂esi짯gned, or the nega짯ti짯ve of the짯se words and phra짯ses, other varia짯ti짯ons of the짯se words and phra짯ses or com짯pa짯ra짯ble ter짯mi짯no짯lo짯gy. The for짯ward-loo짯king state짯ments in this press release rela짯te to, among other things, satis짯fy짯ing clo짯sing con짯di짯ti짯ons to the pro짯po짯sed tran짯sac짯tion, the expec짯ted timing of clo짯sing the tran짯sac짯tion, and the inte짯gra짯ti짯on of the busi짯nesses and the expec짯ted bene짯fits, cost savings, accre짯ti짯on, syn짯er짯gies and growth to result the짯r짯e짯f짯rom. The짯se for짯ward-loo짯king state짯ments invol짯ve risks and uncer짯tain짯ties that could cau짯se actu짯al results to dif짯fer mate짯ri짯al짯ly from tho짯se con짯tem짯pla짯ted by the state짯ments. The짯se risks include, among other things: fail짯ure to satis짯fy clo짯sing con짯di짯ti짯ons to the tran짯sac짯tion or to com짯ple짯te the tran짯sac짯tion on anti짯ci짯pa짯ted terms and timing; nega짯ti짯ve effects of the announce짯ment of the tran짯sac짯tion; risks that the busi짯nesses will not be inte짯gra짯ted suc짯cessful짯ly or that the com짯bi짯ned com짯pa짯ny will not rea짯li짯ze expec짯ted bene짯fits, cost savings, accre짯ti짯on, syn짯er짯gies and/or growth, or that such bene짯fits may take lon짯ger to rea짯li짯ze than expec짯ted; risks rela짯ting to unan짯ti짯ci짯pa짯ted cos짯ts of inte짯gra짯ti짯on; signi짯fi짯cant tran짯sac짯tion and/or inte짯gra짯ti짯on cos짯ts, or dif짯fi짯cul짯ties in con짯nec짯tion with the tran짯sac짯tion and/or unknown or ine짯sti짯ma짯ble lia짯bi짯li짯ties; poten짯ti짯al liti짯ga짯ti짯on asso짯cia짯ted with the tran짯sac짯tion; the poten짯ti짯al impact of the announce짯ment or con짯sum짯ma짯ti짯on of the tran짯sac짯tion on AMD셲 or the com짯bi짯ned company셲 rela짯ti짯onships with sup짯pli짯ers, cus짯to짯mers, employ짯ers and regu짯la짯tors; and demand for the com짯bi짯ned company셲 pro짯ducts. For a dis짯cus짯sion of fac짯tors that could cau짯se actu짯al results to dif짯fer mate짯ri짯al짯ly from tho짯se con짯tem짯pla짯ted by for짯ward-loo짯king state짯ments, see the sec짯tion cap짯tio짯ned 쏳isk Fac짯tors in (i) AMD셲 Annu짯al Report on Form 10멚 for the fis짯cal year ended Decem짯ber 25, 2021 and AMD셲 other filings with the SEC and (ii) Xilinx셲 Annu짯al Report on Form 10멚 for the fis짯cal year ended April 3, 2021, sub짯se짯quent Quar짯ter짯ly Reports on Form 10멡 and Xilinx셲 other filings with the SEC. While the list of fac짯tors pre짯sen짯ted here is con짯side짯red repre짯sen짯ta짯ti짯ve, no such list should be con짯side짯red to be a com짯ple짯te state짯ment of all poten짯ti짯al risks and uncer짯tain짯ties. Unlis짯ted fac짯tors may pre짯sent signi짯fi짯cant addi짯tio짯nal obs짯ta짯cles to the rea짯liza짯ti짯on of for짯ward loo짯king state짯ments. Many of the짯se risks and uncer짯tain짯ties may be exa짯cer짯ba짯ted by the COVID-19 pan짯de짯mic and any wor짯sening of the glo짯bal busi짯ness and eco짯no짯mic envi짯ron짯ment as a result. Neither AMD nor Xilinx assu짯mes, and each her짯eby dis짯claims, any obli짯ga짯ti짯on to update for짯ward-loo짯king state짯ments, except as may be requi짯red by law.