Tran­sac­tion expec­ted to clo­se on or about Febru­ary 14, 2022

SILICON VALLEY, Calif., Feb. 10, 2022 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announ­ced that it has recei­ved appr­oval from all neces­sa­ry aut­ho­ri­ties to pro­ceed with the acqui­si­ti­on of Xilinx, Inc. (NASDAQ: XLNX).

 

With the excep­ti­on of the remai­ning cus­to­ma­ry clo­sing con­di­ti­ons, all con­di­ti­ons to the tran­sac­tion clo­sing have been satis­fied and 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. The tran­sac­tion brings tog­e­ther two indus­try lea­ders with com­ple­men­ta­ry pro­duct port­fo­li­os and cus­to­mers, com­bi­ning CPUs, GPUs, FPGAs, Adap­ti­ve SoCs and deep soft­ware exper­ti­se to enable lea­der­ship com­pu­ting plat­forms for cloud, edge and intel­li­gent end devices.

 

About AMD

For 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 Xilinx

Xilinx, 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.

 

AMD and the AMD Arrow logo are trade­marks of Advan­ced Micro Devices, Inc. Other names are for infor­ma­tio­nal pur­po­ses only and may be trade­marks of their respec­ti­ve owners.

 

CAUTIONARY STATEMENT

 

The state­ments in this press release 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 press release rela­te to, among other things, satis­fy­ing clo­sing con­di­ti­ons to the pro­po­sed tran­sac­tion, the expec­ted timing of clo­sing the tran­sac­tion, and the inte­gra­ti­on of the busi­nesses and the expec­ted bene­fits, cost savings, accre­ti­on, syn­er­gies and growth to result the­r­e­f­rom. 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 satis­fy clo­sing con­di­ti­ons to the tran­sac­tion or to com­ple­te the tran­sac­tion on anti­ci­pa­ted terms and timing; nega­ti­ve effects of the announce­ment of the tran­sac­tion; 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; 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; poten­ti­al liti­ga­ti­on asso­cia­ted with the tran­sac­tion; the poten­ti­al impact of the announce­ment or con­sum­ma­ti­on of the tran­sac­tion on AMD’s or the com­bi­ned company’s rela­ti­onships with sup­pli­ers, cus­to­mers, employ­ers and regu­la­tors; and demand for the com­bi­ned company’s pro­ducts. 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 25, 2021 and AMD’s other filings with the SEC and (ii) Xilinx’s Annu­al Report on Form 10‑K for the fis­cal year ended April 3, 2021, sub­se­quent Quar­ter­ly Reports on Form 10‑Q and Xilinx’s other filings with the SEC. While the list of fac­tors pre­sen­ted here is 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.