AMD overtakes Intel in market cap for the first time, on the back of Xilinx acquisition

On February 15, AMD surpassed the market capitalisation of Intel for the first time. The former’s market cap stood at approximately USD 197.75 billion as opposed to Intel’s USD 197.24 billion.

AMD recently acquired Xilinx, a US-based semiconductor company, in a record USD 50 billion deal, giving the company an edge in the data centre market.

“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. The company reeled in USD 4.8 billion in revenue, a 48% increase year on year.

Though AMD has an edge in the market share, Intel has a clear lead in terms of revenue. However, AMD registered a 25.6% CPU market share in the fourth quarter of 2021, the highest level of market share achieved by the company so far.