AMD and Xilinx have stated that the former's acquisition of the latter will now be completed in the first quarter of 2022.

"We're making good work on the regulatory clearances we need to conclude our deal," says the company "According to the press release. "We had anticipated obtaining all clearances by the end of 2021, but we have not yet completed the process, so the transaction will now close in the first quarter of 2022. Our discussions with regulators are going well, and we expect to get all of the necessary permissions."

XILINX LOGO - Jim & Hall's

On the extended timescale for the agreement, AMD ticked up.34 % in pre-market trading, while Xilinx slid down 1.7 %.

In October 2020, AMD announced the agreement. It's an all-stock deal, with XLNX shareholders getting 1.7234 AMD shares for every XLNX share they own. Xilinx would be worth around $251/share at current pre-market prices, compared to its current share price of $210.2, a 19 % difference. The major source of the spread appears to be uncertainties about whether China's regulatory bodies will approve the deal.

AMD's remarkable turnaround story continued in 2021, with the company's stock soaring 58 % for the year as it continues to challenge Intel's market dominance and battle with Nvidia. Xilinx soared 51%, despite the fact that its worth is primarily connected to AMD's share price.