The company expects the transaction to close on or about February 14, 2022
Chip designer Advanced Micro Devices Inc’s (AMD’s) is set to go ahead with its $35 billion proposed acquisition of Xilinx, Inc after it received approval from all necessary authorities for the same.
The company announced in an official statement, “With the exception of the remaining customary closing conditions, all conditions to the transaction closing have been satisfied.”
The company expects the transaction to close on or about February 14, 2022.
AMD announced its intention to acquire Xilinx in an all-stock transaction on October 27, 2020 but the closing was delayed as AMD waited for China to approve the deal.
AMD said it will combine its CPUs, GPUs, and FPGAs for cloud and edge offerings.
Xilinx will give AMD an extensive enterprise customer list, which will open up opportunities in markets such as communications and 5G infrastructure. Xilinx chips are also used in spacecraft, industrial systems, embedded electronics, and other markets.
This comes as a similar such deal of Nvdia-Arm was shelved. Nvidia anticipated $40 billion acquisition of UK-based ARM Ltd from SoftBank is reported to be likely to fall through as it has failed to receive considerable approval to go ahead with the deal.
Various media reports have said while citing sources close to the development that Nvidia has told partners that it doesn’t expect the transaction to close. The acquisition has been facing fierce resistance from various fronts.
