AMD and Xilinx Provide Update Regarding Expected Timing of Acquisition Close
30 Dicembre 2021 - 10:15PM
AMD (NASDAQ: AMD) and Xilinx, Inc. (NASDAQ: XLNX) today released
the following statement related to the status of global regulatory
approvals for AMD’s proposed acquisition of Xilinx.
“We continue making good progress on the required regulatory
approvals to close our transaction. While we had previously
expected that we would secure all approvals by the end of 2021, we
have not yet completed the process and we now expect the
transaction to close in the first quarter of 2022. Our
conversations with regulators continue to progress productively,
and we expect to secure all required approvals.”
There are no additional changes to the previously announced
terms or plans regarding the transaction and the companies continue
to look forward to the proposed combination creating the industry’s
high-performance and adaptive computing leader.
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 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.
AMD and the AMD Arrow logo are trademarks of Advanced
Micro Devices, Inc. Xilinx and the Xilinx logo are trademarks of
Xilinx, 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, obtaining applicable
regulatory approvals, satisfying other 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 obtain applicable regulatory
approval 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; 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 26, 2020, subsequent Quarterly
Reports on Form 10-Q 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.
Contact:AMD Investor
Contact:Laura Graves408-749-5467Laura.graves@amd.com
AMD Media Contact:Drew
Prairie512-602-4425Drew.prairie@amd.com
Xilinx Investor Contact:Suresh
Bhaskaran408-879-4784ir@xilinx.com
Xilinx Media Contact:Tara
Sims415-713-5986taras@xilinx.com
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