amd xilinx acquisition details

Until close, the parties remain separate, independent companies. Information about the directors and executive officers of AMD, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in AMD’s proxy statement for its 2020 annual meeting of stockholders, which was filed with the SEC on March 26, 2020. Computer-chip designer AMD will buy industry peer Xilinx in a $35 billion all-stock deal, the companies announced Tuesday. 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Xilinx was acquired by AMD for $35B on Oct 27, 2020. Cookies store useful information on your computer to help us improve the efficiency and relevance of our site for you. In connection with the proposed transaction, AMD intends to file with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 that will include a joint proxy statement of AMD and Xilinx and that also will constitute a prospectus with respect to shares of AMD’s common stock to be issued in the transaction (the “joint proxy statement/prospectus”). In some cases, they are essential to making the site work properly. Semiconductor designer Advanced Micro Devices on Tuesday said it has agreed to buy Xilinx in a $35 billion all-stock deal. All Rights Reserved, This is a BETA experience. The rumors were right, and AMD president and chief executive officer Lisa Su is indeed printing out a tower of stock to acquire FPGA maker Xilinx for what amounts to about $35 billion and, as it turns out, she is relinquishing her position as president to Victor Peng, chief executive at Xilinx… — Strategic transaction strengthens AMD’s industry-leading technology portfolio —. The transaction has been unanimously approved by the AMD and Xilinx Boards of Directors. As always, these deals take time to close upon regulatory approval, but I don’t see any major hurdles there. The rumors have been fulfilled, and AMD today announced the acquisition of Xilinx, the expert in manufacturing FPGAs of all shapes and sizes, including large FPGAs with up to 4.4 million logic cells as integrated by the Virtex UltraScale + FPGA, the main one. The transaction is … The acquisition is subject to approval by AMD and Xilinx shareholders, certain regulatory approvals and other customary closing conditions. AMD will offer the industry’s strongest portfolio of high performance processor technologies, combining CPUs, GPUs, FPGAs, Adaptive SoCs and deep software expertise to enable leadership computing platforms for cloud, edge and end devices. There are numerous potential synergies in those markets where AMD’s silicon could be brought in along with Xilinx’s. Each of AMD and Xilinx may also file other relevant documents with the SEC regarding the proposed transaction. The combination will create the industry’s leading high performance computing company, significantly expanding the breadth of AMD’s product portfolio and customer set across diverse growth markets where Xilinx is an established leader. Advanced Micro Devices (AMD) has officially acquired San Jose chipmaker Xilinx for a moustache-twirling $35 billion. The blockbuster acquisition will unite two leading developers of … The $35B AMD-Xilinx Acquisition: 7 Big Things To Know. If I’m a betting man, I’d wager the good Dr. Su and her new extended team will advance yet again. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. BofA Securities is also acting as a financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel. And that programmable logic component is just as critical as it was back in the day, only it too has evolved such that these chips can literally be reprogrammed to adapt on-the-fly, in-band and without even dropping a connection. The combined $135 billion entity will total 13000 engineers, and expand AMD’s total addressable market to $110 Billion. We empower our customers to deploy differentiated platforms to market faster, and with optimal efficiency and performance. 1 provider of adaptive computing solutions, increases AMD TAM to $110 billion, Immediately accretive to AMD margins, cash flow and EPS, All stock transaction with combined enterprise value of approximately $135 billion. What will be AMD’s next challenge, however, is how it integrates Xilinx into its businesses and further fosters its growth in the market. “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. Xilinx went backward both QoQ and YoY, albeit not by a large amount. Today AMD (NASDAQ: AMD) and Xilinx (NASDAQ: XLNX) have confirmed that they have entered into a definitive agreement for AMD to buy Xilinx in an all-stock transaction valued at $35 billion. This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Field Programmable Gate Array (FPGA) technology has played a significant role in the semiconductor solutions arena for decades. Investors and security holders will be able to obtain free copies of the joint proxy statement/prospectus (if and when available) and other documents containing important information about AMD, Xilinx and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC at www.sec.gov. The transaction is intended to qualify as a tax-free reorganization for U.S. federal income tax purposes. Intel , one of AMD's … Competing in the semiconductor industry is often a game of chess, placing long term bets several moves ahead that culminate for a winning strategy. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT ARE OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Based on the exchange ratio, this represents approximately $143 per share of Xilinx common stock 2. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its website at www.amd.com. This acquisition increases AMD’s total addressable market (TAM) to $110 billion. Xilinx President and CEO, Victor Peng, will join AMD as president responsible for the Xilinx business and strategic growth initiatives, effective upon closing of the transaction. An invaluable buyout factsheet for traders and investors looking to trade the merger arbitrage spread. Additional Information about the Acquisition and Where to Find It. Joining together with AMD will help accelerate growth in our data center business and enable us to pursue a broader customer base across more markets.”. The details of the deal revealed yesterday suggest that AMD is interested in paying up to $20 billion for acquiring Xilinx. This morning, Advanced Micro Devices (AMD) announced that it has agreed to buy rival chipmaker Xilinx in a $35 billion all-stock deal—its largest acquisition to date.. The transaction will be immediately accretive to AMD margins, cashflow and EPS, but what’s more interesting to me is the technology that Xilinx brings to the table, as well as the substantial market impact the combined companies could have. AMD gets a mega chip deal of its own, which could mean greater competition with Intel on 5G network infrastructure and with Nvidia on SmartNICs. Post-closing, current AMD stockholders will … By accessing this site, you direct us to use and consent to the use of cookies listed in the cookie policy. Opinions expressed by Forbes Contributors are their own. “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. Dave also co-founded and serves as Principal Analyst at HotTech Vision And Analysis (HTVA), a computing industry research and consulting firm that specializes in consulting, test validation and go-to-market strategies for major brand name OEMs. The transaction is expected to be immediately accretive to AMD margins, EPS and free cash flow generation and deliver industry-leading growth. Acquisitions and AMD – Little History of Success Some pundits and analysts are pointing to AMD’s small acquisition history. The webcast will be available for 12 months after the conference call. TrendForce estimates that AMD is on track to become the fourth largest fabless semiconductor company after the deal closes. Posted on Wednesday, October 28, 2020 Wednesday, October 28, 2020 Author by Ben Thompson. Intel acquired major FPGA player Altera back in 2015, but I haven’t seen the kind of combined strategy and solution selling as I expected since then. M&A Details. The transaction has been unanimously approved by the AMD and Xilinx Boards of Directors. That sounds about right to … Years ago, I’d liken the technology to a key lineman on a football team, or perhaps a clutch place kicker. SILICON VALLEY, Calif., Oct. 27, 2020 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) and Xilinx (NASDAQ: XLNX) today announced they have entered into a definitive agreement for AMD to acquire Xilinx in an all-stock transaction valued at $35 billion. Xilinx shares closed up over 8.5%. Under the terms of the agreement, Xilinx stockholders will receive a fixed exchange ratio of 1.7234 shares of AMD common stock for each share of Xilinx common stock they hold at the closing of the transaction. Transaction WebsiteFor more information about the transaction investors are encouraged to visit http://ir.amd.com which will be used by AMD to disclose information about the transaction. We partner with our customers to create scalable, differentiated and intelligent solutions to enable the adaptable, intelligent and connected world of the future. For AMD the Xilinx acquisition will be a major data center and HPC (High Performance Computing) play, where the critical building block accelerators are CPUs, GPUs and FPGAs. This doesn’t mean that the acquisition couldn’t be advantageous for AMD, however. This site uses cookies from us and our partners to make your browsing experience more convenient and personal. Forward-looking statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. 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.”, “We are excited to join the AMD family. This deal was done in Stock. Acquired by . AMD CEO Dr. Lisa Su said on the Xilinx deal: "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 … The statements in this communication include forward-looking statements concerning AMD, Xilinx, the proposed transaction described herein and other matters. Stay Connected. Copies of the documents filed with the SEC by Xilinx will be available free of charge on Xilinx’s website at investor.Xilinx.com or by contacting Xilinx’s Investor Relations department by phone at 408-879-4784. AMD would gain Xilinx’s formidable presence and technology leadership in 5G, networking, automotive, and communications. Xilinx needs to ponder this in that Xilinx makes a lot of its current revenues coming along for the ride with AMD’s Epyc server processors and AMD and Xilinx have been partners in business dealings for a good long time as Intel has its own FPGA division. _______________1 Based on trailing twelve months.2 Based on an AMD price of $82.9726, which is the average of AMD’s daily volume weighted average prices per share for the 10 consecutive trading day period up to and including October 8, 2020, the last trading day prior to media reports regarding a potential transaction between AMD and Xilinx. AMD announced on Oct. 27 that it was aiming to acquire Xilinx in an all-stock deal valuing the programmable chip specialist at $35 billion. © 2021 Advanced Micro Devices, Inc. All Rights Reserved. The acquisition is subject to approval by AMD and Xilinx shareholders, certain regulatory approvals and other customary closing conditions. You may obtain free copies of these documents using the sources indicated above. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction. For more information, refer to AMD's privacy policy and cookie policy. Together, we will lead the new era of high performance and adaptive computing,” said Victor Peng, Xilinx president and CEO. Together, the combined company will capitalize on opportunities spanning some of the industry’s most important growth segments from the data center to gaming, PCs, communications, automotive, industrial, aerospace and defense. Xilinx shares closed up over 8.5%. AMD’s press release claims Xilinx increases its TAM to $110 billion and a combined enterprise value of $135 billion. Neither AMD nor Xilinx assumes, and each hereby disclaims, any obligation to update forward-looking statements, except as may be required by law. After weeks of speculation, Advanced Micro Devices (AMD) confirmed Tuesday that it will acquire programmable chip maker Xilinx in an all-stock deal valued at $35 billion. However, beyond HPC and the data center, Xilinx enables AMD to play a critical role in new markets it doesn’t serve as well currently, like 5G, intelligent networking, and autonomous driving. Management and Board of DirectorsDr. AMD just announced that it will acquire Xilinx for $35 billion USD. Advanced Micro Devices said Tuesday that it will acquire rival chipmaker Xilinx for $35 billion, marking the biggest acquisition ever for AMD and … Like all technology analyst firms, HTVA provides paid services, research and consulting to many semiconductor manufacturers and system OEMs. In a former life, I helped design-in a Xilinx FPGA into one of the first Motorola cable modems that would eventually light up the internet with the market’s first broadband connectivity. If Motorola didn’t start with an FPGA, it never would have gotten to market in time to be competitive. However, the FPGA has evolved massively since then, and now the technology’s strengths are its ability to integrate highly specialized functionality, along with real-time adaptability. Xilinx is the inventor of the FPGA and Adaptive SoCs, designed to deliver the most dynamic processor technology in the industry. AMD Acquires Xilinx, Microsoft’s Earnings, Teams Wins. This document is not a substitute for the joint proxy statement/prospectus or any other document that AMD or Xilinx may file with the SEC. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. Follow Dave's work at https://www.facebook.com/HotHardware, or https://twitter.com/@DaveAltavilla. AMD expects to achieve operational efficiencies of approximately $300 million within 18 months of closing the transaction, primarily based on synergies in costs of goods sold, shared infrastructure and through streamlining common areas. Fpga ) technology has played a significant role in the computing industry we! The world are focused on building great products that push the boundaries of what is possible AMD amd xilinx acquisition details and Partners... 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