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Latham & Watkins Advises AMD in Acquisition of Silo AI

July 10, 2024
Cross-border team represents the NASDAQ-listed semiconductor company in the purchase of Europe’s largest private AI lab.

AMD (NASDAQ: AMD) announced that it has signed a definitive agreement to acquire Silo AI, the largest private AI lab in Europe, in an all-cash transaction. The agreement represents another significant step in the company’s strategy to deliver end-to-end AI solutions based on open standards and in strong partnership with the global AI ecosystem. The acquisition is expected to close in the second half of 2024.

Latham & Watkins LLP represents AMD in the transaction with a corporate deal team led by Bay Area partners Tad Freese and Mark Bekheit, with associates Christopher Lim, Kevin Schunk, and Tim Plummer. Advice was also provided on tax matters by Bay Area partner Kirt Switzer and Washington, D.C. partner Nicholas DeNovio, with associate Derek Gumm; on compensation and benefits matters by Bay Area partner James Metz, with associate Kevin Matheny; on data privacy matters by Bay Area partner Michael Rubin and Houston/Austin counsel Robert Brown, with associates Zac Alpert and Alex Theuer; on intellectual property matters by Bay Area partner Anthony Klein, with associates Andrew Abokhair and Ryan Sanders; on export controls matters by Washington, D.C. partner Les Carnegie and London partner Charles Claypoole, with associates Eric Green and Amaryllis Bernitsa; on anti-bribery and anti-corruption matters by Washington, D.C. partner Kevin Chambers; on antitrust matters by Washington, D.C. partners Amanda Reeves and Patrick English, Hamburg partner Jana Dammann de Chapto, and Washington, D.C. counsel Francesca Pisano, with associate Romain Perrois; and on insurance matters by Los Angeles partner Harrison White, with associate Enrique Covarrubias.