AMD completes $50 billion Xilinx acquisition

AMD said on Monday that it has completed the acquisition of Xilinx, in a record chip industry deal worth around US$50 billion.

AMD had announced the purchase back in 2020 and had been seeking approval from regulators since then.

The company said it plans to lead the computing, graphic and adaptive SoC sectors through the acquisition.

AMD CEO Lisa Sui will lead the new combined company as CEO.

Xilinx's CEO Victor Peng as president of the newly formed Adaptive and Embedded Computing Group.