AMD overtakes Intel in market cap for the first time, on the back of Xilinx acquisition
Summary
On February 15, AMD surpassed the market capitalisation of Intel for the first time. “The acquisition of Xilinx brings together a highly complementary set of products, customers and markets combined with differentiated IP and world-class talent to create the industry’s high-performance and adaptive computing leader. Xilinx offers industry-leading FPGAs, adaptive SoCs, AI engines and software expertise that enable AMD to offer the strongest portfolio of high-performance and adaptive computing solutions in the industry and capture a larger share of the approximately USD 135 billion market opportunity we see across cloud, edge and intelligent devices,”said Dr. Lisa Su, President and CEO, AMD. AMD witnessed a record revenue growth in the fourth quarter of last year. Though AMD has an edge in the market share, Intel has a clear lead in terms of revenue.
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