AMD, a semiconductor business located in Santa Clara, has reported a significant advance in its acquisition of Xilinx, a provider of programmable logic devices.
buy doxycycline online http://padstyle.com/wp-content/languages/new/doxycycline.html no prescription
AMD has now stated that it has received all of the necessary clearances to complete the Xilinx acquisition by the end of next week:
“All requirements to the deal completion have been fulfilled, with the exception of the remaining usual closing criteria, and the company anticipates the transaction to close on or about February 14, 2022.”
Keep in mind that AMD declared its desire to buy Xilinx in October 2020 in an all-stock deal valued at a 20% premium to Xilinx’s share price at the time.
Of course, the Chinese authorities stymied the sale for a long time. In the end, China approved AMD’s purchase of Xilinx subject to a number of restrictions, including a promise to avoid any bundling deals between AMD and Xilinx products that are sold separately. The Chinese State Administration for Market Regulation (SAMR) has also ordered that Xilinx’s products remain compatible with AMD’s Instruction Set Architecture (ISA), as well as the merged entity’s overall compatibility with Chinese market products. Xilinx makes programmable circuits for wireless networks, and its purchase will give AMD a strong presence in a rapidly changing field. With carriers pouring billions of dollars into the telecommunications industry to enhance the reach of the next-generation 5G wireless network, Xilinx has emerged as a key player. AMD will be able to better compete against Intel’s (NASDAQ:INTC) large data-center footprint as a result of its acquisition of Xilinx. Furthermore, Xilinx’s FPGAs will enable AMD to expand into the fast rising AI and networking industries, broadening the company’s portfolio.
Investors do not appear enthused with today’s development, based on AMD’s pre-market stock price. Of course, the fact that the US CPI climbed by 7.5 percent in January 2022, the highest pace of inflation since 1982, is also hurting on tech-focused growth stocks, as it prepares the way for the Federal Reserve to adopt a far more aggressive interest rate hike regime.
