XLNX - Here's Why AMD's Acquisition of Xilinx Is Such a Great Deal
AMD 's (NASDAQ: AMD) pending acquisition of Xilinx (NASDAQ: XLNX) is another reason AMD is a buy. Xilinx, the leading designer of field programmable gate arrays (FPGAs), recently reported its fiscal 2022 first-quarter results (for the three months ended July 3, 2021) showing the company is back in growth mode and generating plenty of profits. AMD is getting a great deal here and opening up a new front against longtime rival Intel (NASDAQ: INTC) .
On its last quarterly earnings call, AMD CEO Lisa Su said its takeover of Xilinx is still expected to be complete by the end of this year. As a reminder, each Xilinx shareholder will get 1.7234 shares of AMD for every share of Xilinx they own. As of this writing, Xilinx's market cap is at just over $36 billion (to AMD's nearly $128 billion). So what is AMD actually getting from this deal?
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Here's Why AMD's Acquisition of Xilinx Is Such a Great Deal