AMD and Xilinx Stockholders Overwhelmingly Approve AMD’s Acquisition of Xilinx
April 07 2021 - 12:49PM
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 AMDFor 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: AMD) website, blog, Facebook and Twitter
pages.
About XilinxXilinx, 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 StatementThe
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.
AMD Investor Contact:Laura
Graves408-749-5467Laura.graves@amd.com
AMD Media Contact:Drew
Prairie512-602-4425Drew.prairie@amd.com
Xilinx Investor
ContactSuresh
Bhaskaran408-879-4784ir@xilinx.com
Xilinx Media Contact:Tara
Sims415-713-5986taras@xilinx.com
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