amd xilinx acquisition details

Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including “believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “pro forma,” “estimates,” “anticipates,” “designed,” or the negative of these words and phrases, other variations of these words and phrases or comparable terminology. AMD’s Xilinx acquisition makes sense, even if it’s a bit boring; Teams, meanwhile, is the clear winner of the cloud integration opportunity. 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 … And check out https://hothardware.com and https://www.hottech.com for a look at tech on the cutting-edge. That sounds about right to … Announced Date Oct 27, 2020; Price $35B; Get the most out of Crunchbase . Field Programmable Gate Array (FPGA) technology has played a significant role in the semiconductor solutions arena for decades. We empower our customers to deploy differentiated platforms to market faster, and with optimal efficiency and performance. The transaction is expected to be immediately accretive to AMD margins, EPS and free cash flow generation and deliver industry-leading growth. Our shared cultures of innovation, excellence and collaboration make this an ideal combination. Until close, the parties remain separate, independent companies. 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. This doesn’t mean that the acquisition couldn’t be advantageous for AMD, however. There are numerous potential synergies in those markets where AMD’s silicon could be brought in along with Xilinx’s. 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. 6 | AMD STRATEGIC ACQUISITION OF XILINX | OCTOBER 27, 2020 | Enhances AMD’s industry-leading technology portfolio Expands AMD’s rapidly growing data center business Xilinx, a leading provider of adaptive computing solutions, increases AMD’s TAM to $110 billion Immediately accretive to AMD margins, cash flow and EPS The webcast will be available for 12 months after the conference call. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. If you look at the markets Xilinx serves — from the cloud to the edge, with SmartNIC solutions for the data center, to critical 5G infrastructure, machine learning, and ADAS and autonomous vehicles solutions — the company’s products integrate hardened, proven core technologies along with cutting-edge, high speed IO and much more advanced programmable logic. Advanced Micro Devices said Tuesday that it will acquire rival chipmaker Xilinx for $35 billion, marking the biggest acquisition ever for AMD and … 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. What will be AMD’s next challenge, however, is how it integrates Xilinx into its businesses and further fosters its growth in the market. Lisa Su will lead the combined company as CEO. Think about how powerful that is in the ever-changing landscape of AI standards, 5G radio technology, autonomous vehicles and driver assist, and many more markets with high growth trajectories that are evolving at a break-neck pace. Competing in the semiconductor industry is often a game of chess, placing long term bets several moves ahead that culminate for a winning strategy. Morgan Stanley is acting as lead financial advisor to Xilinx. If I’m a betting man, I’d wager the good Dr. Su and her new extended team will advance yet again. An invaluable buyout factsheet for traders and investors looking to trade the merger arbitrage spread. 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. The details of the deal revealed yesterday suggest that AMD is interested in paying up to $20 billion for acquiring Xilinx. A more fulsome discussion of the risks related to the proposed transaction will be included in the joint proxy statement/prospectus . Copies of the documents filed with the SEC by AMD will be available free of charge on AMD’s website at ir.AMD.com or by contacting AMD’s Corporate Secretary by email at Corporate.Secretary@AMD.com. © 2021 Advanced Micro Devices, Inc. All Rights Reserved. AMD’s press release claims Xilinx increases its TAM to $110 billion and a combined enterprise value of $135 billion. 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. Everyone knows that AMD has agreed to acquire Xilinx for a $35 billion all-stock transaction, which will intensify its competition with Intel in the data center chip market. Xilinx shares closed up over 8.5%. Summing it all up, I feel AMD’s strategic bet of acquiring Xilinx jibes well with the company’s near and long-term goals of strategic growth. In tandem, he has also served as a journalist and Tech analyst in the Computing industry and its adjacent markets. The transaction is intended to qualify as a tax-free reorganization for U.S. federal income tax purposes. In some cases, they are essential to making the site work properly. Together, we will lead the new era of high performance and adaptive computing,” said Victor Peng, Xilinx president and CEO. Xilinx acquired by AMD . Based on the exchange ratio, this represents approximately $143 per share of Xilinx common stock2. All Rights Reserved, This is a BETA experience. 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. The transaction is … On the other hand, what makes AMD’s acquisition of Xilinx different for me is that Xilinx truly has evolved into a solutions-focused company, from its unified Vitis software platform that allows engineers to work in familiar, domain-specific environments, to its board-level reference solutions for the major markets it serves. Many of these risks and uncertainties may be exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result. Advanced Micro Devices ( AMD) and Xilinx ( XLNX) $35bn merger information including expected completion date, offer price and contact details are displayed in the acquisition details table below. Xilinx was acquired by AMD for $35B on Oct 27, 2020. Acquisitions and AMD – Little History of Success Some pundits and analysts are pointing to AMD’s small acquisition history. These risks include, among other things: failure to obtain applicable regulatory or stockholder approvals in a timely manner or otherwise; failure to satisfy other closing conditions to the transaction or to complete the transaction on anticipated terms and timing; negative effects of the announcement of the transaction; risks that the businesses will not be integrated successfully or that the combined companies will not realize expected benefits, cost savings, accretion, synergies and/or growth, or that such benefits may take longer to realize than expected; the risk that disruptions from the transaction will harm business plans and operations; risks relating to unanticipated costs of integration; significant transaction and/or integration costs, or difficulties in connection with the transaction and/or unknown or inestimable liabilities; restrictions during the pendency of the transaction that may impact the ability to pursue certain business opportunities or strategic transactions; potential litigation associated with the transaction; the potential impact of the announcement or consummation of the transaction on AMD’s, Xilinx’s or the combined company’s relationships with suppliers, customers, employers and regulators; and demand for the combined company’s products. Try Pro Free . As always, these deals take time to close upon regulatory approval, but I don’t see any major hurdles there. The combined businesses are highly complementary and Xilinx brings key enablers to AMD’s IP portfolio. Xilinx is the inventor of the FPGA and Adaptive SoCs, designed to deliver the most dynamic processor technology in the industry. You may obtain free copies of these documents using the sources indicated above. 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Additional Transaction Details 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. AMD employees around the world are focused on building great products that push the boundaries of what is possible. — Strategic transaction strengthens AMD’s industry-leading technology portfolio —. The company simply hasn’t made many acquisitions in recent times and those that it did make didn’t go all that well. 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. About AMDFor more than 50 years AMD has driven innovation in high performance computing, graphics and visualization technologies ― the building blocks for gaming, immersive platforms and the data center. The Xilinx team is one of the strongest in the industry and we are thrilled to welcome them to the AMD family. 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. 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”). For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, Facebook and Twitter pages. 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. Semiconductor designer Advanced Micro Devices on Tuesday said it has agreed to buy Xilinx in a $35 billion all-stock deal. Management and Board of DirectorsDr. The definitive joint proxy statement/prospectus (if and when available) will be mailed to stockholders of AMD and Xilinx. AMD expects that the transaction will be completed by the end of 2021. 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. Computer-chip designer AMD will buy industry peer Xilinx in a $35 billion all-stock deal, the companies announced Tuesday. Post-closing, current AMD stockholders will … Some of the companies covered in his articles may be clients of the firm. Additional Transaction DetailsUnder 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. The combined company will have a market value of about US$130 billion and will have 13,000 engineers. Each of AMD and Xilinx may also file other relevant documents with the SEC regarding the proposed transaction. M&A Details. 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. Dave Altavilla has lived and breathed the Semiconductor and Computing industries for over two decades as a Field Sales Engineer and Global Account Manager for leading, Dave Altavilla has lived and breathed the Semiconductor and Computing industries for over two decades as a Field Sales Engineer and Global Account Manager for leading Silicon Valley chip manufacturers. The transaction has been unanimously approved by the AMD and Xilinx Boards of Directors. 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. 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 technology wasn’t as glamorous as big iron processors or high speed communications chips, but FPGAs played pivotal a role in a huge number of systems designs over the years, as a result of their intrinsic time-to-market advantages and flexibility. The forward-looking statements in this communication relate to, among other things, obtaining applicable regulatory and stockholder approvals, satisfying other closing conditions to the proposed transaction, the expected tax treatment of the transaction, the expected timing of the transaction, and the integration of the businesses and the expected benefits, cost savings, accretion, synergies and growth to result therefrom. The acquisition is subject to approval by AMD and Xilinx shareholders, certain regulatory approvals and other customary closing conditions. 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 AMD’s CEO Lisa Su’s track record is any indicator, I think the likelihood is strong for continued execution. Additional Information about the Acquisition and Where to Find It. Conference Call and Webcast DetailsAMD will hold a conference call for the financial community at 8:00 AM ET (5:00 AM PT) today to discuss its third quarter 2020 financial results and plans to acquire Xilinx. If there wasn’t an ASIC solution available in market, or if what was available wasn’t quite right for the application, engineers could always roll their own with an FPGA. The blockbuster acquisition will unite two leading developers of … AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its website at www.amd.com. AMD's intent to acquire Xilinx is a bold move that I think makes sense and caps off an incredible run by AMD. _______________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 Acquires Xilinx, Microsoft’s Earnings, Teams Wins. AMD just announced that it will acquire Xilinx for $35 billion USD. Acquired by . 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. 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 $35B AMD-Xilinx Acquisition: 7 Big Things To Know. This deal was done in Stock. 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 power moves. 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. The transaction has been unanimously approved by the AMD and Xilinx Boards of Directors. Post-closing, current AMD stockholders will own approximately 74 percent of the combined company on a fully diluted basis, while Xilinx stockholders will own approximately 26 percent. Opinions expressed by Forbes Contributors are their own. Posted on Wednesday, October 28, 2020 Wednesday, October 28, 2020 Author by Ben Thompson. In addition, at least two Xilinx directors will join the AMD Board of Directors upon closing. With a combined team of 13,000 talented engineers and over $2.7 billion of annual1 R&D investment, AMD will have additional talent and scale to deliver an even stronger set of products and domain-specific solutions. The transaction is currently expected to close by the end of calendar year 2021. Years ago, I’d liken the technology to a key lineman on a football team, or perhaps a clutch place kicker. 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. This site uses cookies from us and our partners to make your browsing experience more convenient and personal. AMD would gain Xilinx’s formidable presence and technology leadership in 5G, networking, automotive, and communications. TrendForce estimates that AMD is on track to become the fourth largest fabless semiconductor company after the deal closes. Stay Connected. 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. 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. Formidable presence and technology leadership in 5G, networking, automotive, and communications use cookies! System OEMs a key lineman on a football team, or https //twitter.com/... 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And tech analyst in the joint proxy statement/prospectus potential synergies in those markets AMD. Approval, but I don ’ t mean that the acquisition is subject to approval AMD... A key lineman on a football team, or perhaps a clutch place kicker, and communications ago, think...
amd xilinx acquisition details 2021