AMD's $35B acquisition of Xilinx has gone through

AMD's $35 billion acquisition of semiconductor company Xilinx has officially gone through. The deal was initially announced in October 2020 and has finally met all the various regulatory approval it needs to happen.

The transaction, the largest in AMD's history, is set to go through next week on February 14^th.

The acquisition cleared its final hurdle—regulatory approval in China—on January 27^th, setting the stage for Xilinx and AMD to finally close the deal.

Nearly a year and a half in the making, AMD's acquisition of Xilinx is the largest ever for the Texas-based AMD. The all-stock deal was valued at $35 billion at the time of the deal's announcement. However, since then, AMD's share price has increased by almost 51% to $125/share, which increases the total valuation of the deal close to $53 billion, which is approximately a third of AMD's entire market capitalization and underscores the significance of the agreement to AMD.

Xilinx is a semiconductor company specializing in producing very different chips than the GPUs and CPUs for computers and serves that AMD has built its brand upon. Specifically, Xilinx makes programmable semiconductors such as application-specific integrated circuits (ASICs) and field-programmable gate arrays (FPGAs). These are the kinds of chips used for a wide range of industrial applications and would help AMD expand into new markets that it isn't present in right now.