Money Makers Mentor

AMD to Acquire Xilinx in Monumental Tech Buyout

AMD, the tech hardware giant, has recently gone into the final stages of acquiring Xilinx. Similarly, Xilinx is a company with competing tech and hardware products. The move was announced on October 27th and will combine the resources of two well-known technology giants. Therefore, such a move is expected to bring not only immediate profits. In addition, it will also cement AMD as a leading high-performance computing company.

AMD bought out the company with an all-stock transaction of $135 billion. This is, confusingly, far more than Xilinx is worth. AMD, however, plans to use the resources that the company brings to generate profit.

READ MORE: Blackstone Second Core Fund Closes At Eight Billion. Talaris Therapeutics, Inc. Funds Closed $115 Million.

Dr. Lisa Su, President and C…

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