AMD's Market Cap Surpasses Intel for the First Time in History

$Advanced Micro Devices (AMD.US)$ is now a bigger company, by market capitalization, than Intel. It may be close, but AMD has passed Intel for the first time in the company's history with a ~$197.75 billion market cap at the close of the market on February 15 compared to Intel's $197.24 billion. AMD's sudden market cap surge comes on the back of its blockbuster $49 billion acquisition of Xilinx, the largest semiconductor acquisition in history.

AMD's acquisition of Xilinx triggered the conversion of 248.38 million Xilinx shares into 428 million new AMD shares (a process that is ongoing). Added to AMD's existing 1.2 billion shares, that brings the company's overall share count to 1.628 million, giving AMD a market cap of $197.75 billion that squeaks past Intel by a mere $51 million. $Intel (INTC.US)$