Semiconductor giant AMD says it has received approval from “all necessary authorities” to proceed with the acquisition of Xilinx, a chip maker which specialises in the industrial sector.
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.
The financial terms of the transaction have not yet been formally disclosed.
While this deal looks likely to go through, another proposed acquisition appears to be falling through.
Nvidia had wanted to buy chip designer ARM, but its approach appears to be being pushed by backed by various parties, including regulators.
Nvidia had reached an agreement with SoftBank, the owner of ARM, regarding the sale, but regulators in the UK, where ARM is headquartered, stepped in and seemed to have put a stop to it.