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Advanced Micro Devices to acquire Xilinx in $35B all-stock deal SA News Tue, Oct. 27, 2020 114 Comments AMD reports earnings on Tuesday after Intel's Q3 disaster - what to watch Following the keynote press conference, AMD invited a number of key press partners for some Q&A time with Dr. Lisa Su. On top of all that, AMD had to build its new Ryzen 5000 Mobile processors to meet notebook demand in Q1 2021. Xilinx is the right next step – we have the desire to have a much bigger footprint, and Xilinx will help AMD execute on its base business. Do Not Sell My Personal Information. AMD’s stockholders will own about 74 percent of the combined company, while Xilinx shareholders will control the other 26 percent, according to a news release. Just like Nvidia is spending mostly newly issue stock to buy Arm Holdings for $40 billion, AMD can spend mostly stock to buy Xilinx. An invaluable buyout factsheet for traders and investors looking to trade the merger arbitrage spread. SAN JOSE, Calif. — AMD is buying Xilinx for $35 billion in an all-stock deal that will combine the two Silicon Valley chip makers. Xilinx is an exclusive supplier to Avnet Inc., which has carried the line since the late 1980s. 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. The big question will be whether AMD can leverage Xilinx… It would mirror Intel's acquisition of Altera of several years ago and will help AMD compete in the data center. Interview with Dr. Lisa Su, AMD's CEO, on the new Ryzen 5000 Series Mobile lineup, Apple's M1 chip, supply shortages, AMD's acquisition of Xilinx, and more — Following the keynote press conference, AMD invited a number of key press partners for some Q&A time with Dr. Lisa Su. If AMD wants to get serious in the datacenter/AI/ML space they need a xilinx-like approach to developing tooling. The transaction is expected to immediately benefit AMD’s margins, while bringing together two businesses with complementary product portfolios and customers. AMD announced today that it is purchasing FPGA-maker Xilinx for $35 billion in an all-stock transaction, confirming recent rumors that the two companies were in advanced talks. Copyright © AMD shareholders will own 74% of the new company. Cuda, nvenc, cudnn etc craps all over amd's offerings in the same space where they are even available. On the date of publication, Nick Clarkson did not have (either directly or indirectly) any positions in the securities mentioned in this article. The combined company has an estimated value of $135 billion, but the … News that AMD might acquire Xilinx was quite a surprise after the Nvidia–ARM consolidation, but not surprising. All rights reserved. Privacy Notice News AMD to Purchase Xilinx for $35 Billion in Stock Deal October 27, 2020 by Luke James Advanced Micro Devices has agreed to buy rival Californian chipmaker Xilinx in a $35 billion all-stock deal, the latest in a wave of high-profile mergers and acquisitions currently sweeping the semiconductor industry. On January 19 at 4 p.m. The combination will offer a portfolio of processor technologies, combining CPUs, GPUs, FPGAs, Adaptive SoCs and software expertise to enable computing platforms for cloud, edge and end devices. In fact, with only $1.78 billion in the bank in the quarter ended in June, it will have to issue shares to buy Xilinx and that will dilute the value of AMD … Now here is some darn interesting software news from SC20... AMD, which is in the process of acquiring Xilinx, is bringing the Radeon Open eCosystem "ROCm" stack to Xilinx hardware. AMD and Xilinx have big plans for the data center and hope to turn out better than the Intel-Altera deal. AMD’s interest in Xilinx emulates a path taken by Intel. Computer-chip designer AMD will buy industry peer Xilinx in a $35 billion all-stock deal, the companies announced Tuesday. Today, AMD and Xilinx announced they have entered into a definitive agreement for AMD to acquire Xilinx in an all-stock transaction valued at $35 billion. AMD and Xilinx have announced they have entered into a definitive agreement for the former to acquire the latter in an all-stock transaction valued at US$35 billion. All rights reserved. You can see the full roster of Intel's AgileX FPGAs that come as a result of the Xilinx acquisition here. Additional Information about the Acquisition and Where to Find It. Both AMD and Xilinx develop processors that are used in devices such as computers, gaming systems and data centers that power internet-based services and applications. 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. Post was not sent - check your email addresses! In 2015, Intel entered the same business by paying $16.7 billion for Altera, Xilinx’s main competitor. 2021 InvestorPlace Media, LLC. LONGMONT — Xilinx Inc. (Nasdaq: XLNX), a California-headquartered integrated circuits and computer processor maker with a large operation in Longmont, is being sued by a stockholder who claims insufficient financial data has been provided in advance of a planned acquisition by Advanced Micro Devices Inc. (Nasdaq: AMD).The suit, filed by plaintiff Stephen Hale last week in U.S. District … It is also beneficial to AMD’s margins, cash flow and earnings per share (EPS). For Xilinx’s part, president and CEO Victor Peng said the deal will help speed up the growth of its data center business and “enable us to pursue a broader customer base across more markets.” He’ll be a president in charge of the Xilinx business at the combined company, which Su will lead as CEO. AMD's $35 billion Xilinx purchase: Everything you need to know. AMD rumored to acquire Xilinx for $30B, following on the heels of Nvidia acquiring Arm. Nick Clarkson is a web editor at InvestorPlace. In connection with the proposed transaction, Advanced Micro Devices, Inc. (AMD) intends to file with the SEC a registration statement on Form S-4 that will include a joint proxy statement of AMD and Xilinx, Inc. (Xilinx) and that also will constitute a prospectus with respect to shares of AMD’s common stock to be issued in the proposed transaction (the “joint proxy statement/prospectus”). The AMD news comes in the wake of Nvidia's ongoing efforts to … In October, AMD announced plans to acquire Xilinx … On the table, we were told, was any topic relating to AMD. AMD’s better-performing products have helped it capture nearly 20 percent of the market for central processor units, which has driven its stock price up 68 percent this year as of Monday. This story has been shared 904 times. Terms of Use Using current stock and market value increase, AMD … A spokeswoman for Xilinx declined to Reuters request for comment, while AMD did not immediately respond. The deal announced Tuesday … AMD’s shares were the No. AMD CEO Dr. Lisa Su will lead the combined company as CEO. ET, the man who recommended Google before anyone else will reveal his #1 stock pick for 2021 — for FREE — ticker symbol and all — in a special presentation. Lisa Su: ... and Xilinx will help AMD execute on its base business. AMD is closing in on a deal to acquire FPGA specialist Xilinx. San Jose, California-based Xilinx makes … The announcement of AMD entering into an agreement to acquire adaptive computing powerhouse Xilinx for $35 billion in an all-stock transaction, is a proverbial case study in Silicon Valley … NYC eateries beg Gov. TNW News Latest The blockbuster acquisition will unite two leading developers of semiconductors and further ramp up AMD’s bid to challenge Silicon Valley titan Intel, particularly in the rapidly growing data center business. Does an AMD-Xilinx deal make sense, and why is AMD interested in Xilinx? 1125 N. Charles St, Baltimore, MD 21201. The companies rely on manufacturing partners — namely Taiwan Semiconductor Manufacturing Co., or TSMC — to make their products. AMD is also pushing into GPUs, FPGA, Adaptive SoCs and software with an aim at computing platforms for cloud, edge, and other IoT/end devices. AMD's $35 billion purchase of Xilinx is a play to combine two companies executing well and become a data center juggernaut. News of a possible AMD-Xilinx combination leaked earlier this month. AMD is rumored to be in talks to buy Xilinx for close to $30 billion, according to The Wall Street Journal. Semiconductor company Xilinx, Inc. has confirmed that the mandatory waiting period required by the United States Federal Trade Commission … 807, This story has been shared 712 times. Nasdaq A new patent by AMD, though, could mean that the FPGA newcomer might be ready to make one of its own. AMD and Xilinx have announced they have entered into a definitive agreement for the former to acquire the latter in an all-stock transaction valued at US$35 billion. Based on where the two stocks started the day, that amount valued Xilinx at … 712, © 2021 NYP Holdings, Inc. All Rights Reserved The deal announced Tuesday puts AMD in a place it wants to be; competing more fiercely with Intel. “Our shared cultures of innovation, excellence and collaboration make this an ideal combination,” Peng said in a statement. Given that the company launched a number of products just as the previous year ended, and … Today, AMD and Xilinx announced they have entered into a definitive agreement for AMD to acquire Xilinx in an all-stock transaction valued at $35 billion. 23 die in Norway after receiving Pfizer COVID-19 vaccine: officials, Wealthy Sweet'N Low magnate leaps to death from Park Avenue apartment, Trump planning payback for 10 Republicans who impeached him: report, Private jet-flying rioter plugged her realtor job as she stormed Capitol: prosecutors, Kelly Clarkson: Celebs were 'really mean' after 'American Idol', Bill Gates is reportedly the largest farmland owner in America, Pfizer, CDC probing death of doctor who took COVID vaccine, Xi Jinping asks ex-Starbucks CEO for help with US-China relations, Jill Zarin has built a face-mask empire during the pandemic, ‘John Wick’ writer creating ‘Dungeons & Dragons’ series, 5 Armie Hammer movie moments that are even creepier amid DM scandal, © 2021 NYP Holdings, Inc. 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