AMD’s monster $35 billion dollar acquisition of Xilinx is expected to close early next week. AMD today said it had secured all necessary regulatory approvals to move forward with the merger.

The news comes just days after regulators dealt Nvidia’s even larger $40 billion bid to acquire Arm Holdings a death blow. Nvidia and Japanese mega-conglomerate SoftBank, which owns Arm, terminated the deal late Monday citing “significant regulatory challenges.”

AMD announced its intent to acquire Xilinx, a leading producer of FPGAs used in everything from aerospace and automotive applications to wired and cellular communications, in October 2020. The merger will position AMD as the No. 1 FPGA vendor ahead of Intel, which holds the No. 2 spot, according to a Valuates Report from late 2021.

“Xilinx is the ideal match for AMD. As the industry’s No. 1 provider of FPGAs and adaptive [system-on-a-chips], they are the market leader,” AMD CEO Lisa Su said following the annoucement. “Together, we’ll create the industries' high-performance computing leader, and the partner of choice for the largest and most important technology companies.”

When the deal was first announced, Patrick Moorhead, founder and principal analyst at Moor Insights & Strategy, called AMD’s acquisition of Xilinx a bold move that would help diversify the chipmaker's product stack.

The combined company will offer a full suite of products ranging from CPUs and GPUs to adaptive SoCs and FPGAs.

Xilinx CEO Victor Peng will join AMD as president of the Xilinx business unit and two Xilinx directors will join AMD's board.

The deal was initially expected to close in late 2021, but AMD is now expected to celebrate its marriage to Xilinx with a Valentine's Day close.