According to Sina Technology, AMD Corporation issued a news release saying it had obtained all the necessary approvals for the acquisition of Xilinx, including all necessary government licenses, and the deal was expected to close around February 14. On October 27, 2020, AMD reportedly announced a $35 billion acquisition of Xilinx. After the merger, AMD will own 74% of Xilinx, and Victor Peng, xilinx's current CEO and president, will join AMD as president.
![$300 billion worth of business: AMD acquires Xilinx, an era is over[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)