AMD has received approval from all relevant regulators for it to acquire FPGA-maker Xilinx.

The $35 billion deal, first announced in October 2020, is expected to close on February 14. An all-stock deal, the final value of the acquisition will be higher thanks to AMD's share price increasing considerably in the past year and a half.

Chinese regulators approved the deal in January, but said that AMD had to guarantee that it would not force Xilinx's products to be tied to AMD ones, or discriminate against customers.

“Our acquisition of Xilinx marks the next leg in our journey to establish AMD as the industry’s high performance computing leader and partner of choice for the largest and most important technology companies in the world,” AMD President and CEO Dr. Lisa Su said when the acquisition was first announced.

“This is truly a compelling combination that will create significant value for all stakeholders, including AMD and Xilinx shareholders who will benefit from the future growth and upside potential of the combined company. The Xilinx team is one of the strongest in the industry and we are thrilled to welcome them to the AMD family. By combining our world-class engineering teams and deep domain expertise, we will create an industry leader with the vision, talent and scale to define the future of high performance computing.”

Xilinx is best known for its field-programmable gate arrays (FPGAs), which consist of logic blocks that can be configured by the customer on the spot to accelerate specific workloads. The chips have proved popular in automotive, aerospace, and military sectors, as well as 5G networking and data centers. Its primary rival, Altera, was acquired by Intel for $16.7 billion back in 2015.

The approval comes the same week as Nvidia's $40 billion Arm acquisition was called off due to regulator pressure.