回头看AMD在3年前对Xilinx的这次收购

Core Viewpoint - The article discusses the acquisition of Xilinx by AMD, focusing on the developments and performance of Xilinx post-acquisition, particularly in the context of AI, data centers, and FPGA technology. Group 1: Acquisition Rationale - AMD's acquisition of Xilinx for $49 billion was aimed at enhancing its capabilities in AI, data centers, and edge computing, rather than traditional markets like 5G and automotive [2][4]. - Xilinx's FPGA and AI engine technologies complement AMD's CPU and GPU offerings, providing efficient solutions for data-intensive applications [2]. Group 2: Historical Context - Intel's previous acquisition of Altera was influenced by Microsoft's promotion of FPGA in data centers, which ultimately did not meet expectations, leading to Intel's decline in FPGA market share [3]. - The article highlights that despite initial optimism, the integration of FPGA technology in data centers has not yielded the anticipated results, with NVIDIA GPUs becoming the preferred choice for AI model training [3]. Group 3: Post-Acquisition Developments - AMD established the Adaptive and Embedded Computing Group (AECG) to focus on FPGA and SoC roadmaps, indicating a strategic shift in managing Xilinx's assets [4]. - Xilinx's product updates post-acquisition have been moderate, with expectations for FPGA market growth remaining stable rather than explosive [8]. Group 4: Financial Performance - Xilinx's revenue for the fiscal year 2021 was $3.15 billion, showing stability despite global supply chain challenges [11]. - The Embedded business segment revenue for AMD in 2022 was approximately $4.53 billion, reflecting a 17% increase in 2023 to $5.3 billion, indicating initial success in integrating Xilinx's revenue [17][18]. - However, the Embedded segment revenue is projected to decline to $3.6 billion in 2024, a 33% decrease from 2023, attributed to market demand fluctuations and U.S. export restrictions [19]. Group 5: Market Trends and Future Outlook - AMD's data center revenue reached $12.6 billion in 2024, a 94% increase, primarily driven by sales of AMD Instinct GPUs and EPYC CPUs, though the contribution of FPGA technology remains unclear [22]. - The article concludes that despite the acquisition, there have not been groundbreaking products from the integration, and the traditional FPGA market is experiencing a decline in revenue [22].