amd xilinx acquisition details
There are numerous potential synergies in those markets where AMD’s silicon could be brought in along with Xilinx’s. Rumors about AMD’s acquisition … Advanced Micro Devices said Tuesday that it will acquire rival chipmaker Xilinx for $35 billion, marking the biggest acquisition ever for AMD and … AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its website at www.amd.com. Xilinx was acquired by AMD for $35B on Oct 27, 2020. The statements in this communication include forward-looking statements concerning AMD, Xilinx, the proposed transaction described herein and other matters. The transaction is expected to immediately benefit AMD’s margins, while bringing together two businesses with complementary product portfolios and customers. 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. © 2021 Advanced Micro Devices, Inc. All Rights Reserved. For more information, visit www.xilinx.com. 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. You may opt-out by. Acquisitions and AMD – Little History of Success Some pundits and analysts are pointing to AMD’s small acquisition history. 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. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. The company simply hasn’t made many acquisitions in recent times and those that it did make didn’t go all that well. Drew PrairieAMD Communications512-602-4425drew.prairie@amd.com, Investor Contact:Laura GravesAMD Investor Relations408-749-5467laura.graves@amd.com, Tara SimsXilinx Communications415-713-5986taras@xilinx.com, Suresh BhaskaranXilinx Investor Relations408-879-4784ir@xilinx.com, Additional Information about the Acquisition and Where to Find It. 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. 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 transaction is expected to be immediately accretive to AMD margins, EPS and free cash flow generation and deliver industry-leading growth. _______________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. 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. 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. 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. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. AMD’s press release claims Xilinx increases its TAM to $110 billion and a combined enterprise value of $135 billion. 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. AdvisorsCredit Suisse and DBO Partners are acting as financial advisors to AMD and Latham & Watkins LLP is serving as its legal advisor. 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. 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. Xilinx acquired by AMD . The only thing left is the doing, as they say. The combined $135 billion entity will total 13000 engineers, and expand AMD’s total addressable market to $110 Billion. M&A Details. Xilinx went backward both QoQ and YoY, albeit not by a large amount. “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. These are the details. 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. Acquired by . This deal was done in Stock. “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. If Motorola didn’t start with an FPGA, it never would have gotten to market in time to be competitive. Based on the exchange ratio, this represents approximately $143 per share of Xilinx common stock2. 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. I cover break-out tech in mobile, on desktop and in the data center. 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. 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. Stay Connected. 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 acquisition brings together two industry leaders with complementary product portfolios and customers. The combined company will have a market value of about US$130 billion and will have 13,000 engineers. This site uses cookies from us and our partners to make your browsing experience more convenient and personal. What also makes a whole lot of sense to me is how complementary Xilinx’s business is to AMD’s. competitor of Intel’s Stratix 10, so with this acquisition, AMD fully enters the FPGA market where it will seek to continue to make a dent in Intel’s … AMD just announced that it will acquire Xilinx for $35 billion USD. AMD shares closed more than 4% lower on Tuesday at $78.88. That sounds about right to me; we’re talking market-moving impact here. 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. 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. AMD's intent to acquire Xilinx is a bold move that I think makes sense and caps off an incredible run by AMD. The Xilinx team is one of the strongest in the industry and we are thrilled to welcome them to the AMD family. 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. 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. Some of the companies covered in his articles may be clients of the firm. You may obtain free copies of these documents using the sources indicated above. 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 would gain Xilinx’s formidable presence and technology leadership in 5G, networking, automotive, and communications. 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. The transaction is currently expected to close by the end of calendar year 2021. Announced Date Oct 27, 2020; Price $35B; Get the most out of Crunchbase . A more fulsome discussion of the risks related to the proposed transaction will be included in the joint proxy statement/prospectus . An invaluable buyout factsheet for traders and investors looking to trade the merger arbitrage spread. 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. Management and Board of DirectorsDr. 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. 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. BofA Securities is also acting as a financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel. Additional Information about the Acquisition and Where to Find It. Intel , one of AMD's … Lisa Su will lead the combined company as CEO. Based on the exchange ratio, this represents approximately $143 per share of Xilinx common stock 2. AMD will die Übernahme vollständig über einen Aktientausch abwickeln, die Papiere sind über die letzten Jahre signifikant im Wert gestiegen. If I’m a betting man, I’d wager the good Dr. Su and her new extended team will advance yet again. 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. We partner with our customers to create scalable, differentiated and intelligent solutions to enable the adaptable, intelligent and connected world of the future. The details of the deal revealed yesterday suggest that AMD is interested in paying up to $20 billion for acquiring Xilinx. Morgan Stanley is acting as lead financial advisor to 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. Our shared cultures of innovation, excellence and collaboration make this an ideal combination. Try Pro Free . That sounds about right to … AMD’s press release claims Xilinx increases its TAM to $110 billion and a combined enterprise value of $135 billion. AMD, Xilinx and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. 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 transaction is … 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.. 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. The transaction has been unanimously approved by the AMD and Xilinx Boards of Directors. 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. The $35B AMD-Xilinx Acquisition: 7 Big Things To Know. The combination will create the industry’s leading high performance computing company, significantly expanding the breadth of AMD’s product portfolio and … For more information, refer to AMD's privacy policy and cookie policy. Additional Transaction Details. In addition, at least two Xilinx directors will join the AMD Board of Directors upon closing. Follow Dave's work at https://www.facebook.com/HotHardware, or https://twitter.com/@DaveAltavilla. 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. 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. Neither AMD nor Xilinx assumes, and each hereby disclaims, any obligation to update forward-looking statements, except as may be required by law. By accessing this site, you direct us to use and consent to the use of cookies listed in the cookie policy. 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. 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. 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… 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. 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. AMD Acquires Xilinx, Microsoft’s Earnings, Teams Wins. 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”). The webcast will be available for 12 months after the conference call. All Rights Reserved, This is a BETA experience. 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 … 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. 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. Information about the directors and executive officers of Xilinx, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Xilinx’s proxy statement for its 2020 annual meeting of stockholders, which was filed with the SEC on June 19, 2020. For a discussion of factors that could cause actual results to differ materially from those contemplated by forward-looking statements, see the section captioned “Risk Factors” in each of AMD’s and Xilinx’s Annual Report on Form 10-K for the fiscal years ended December 28, 2019 and March 28, 2020, respectively, subsequent Quarterly Reports on Form 10-Q and other filings with the SEC. 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 announced its decision to acquire Xilinx in October last year, with Xilinx set to become an AMD subsidiary once the deal closes. The transaction has been unanimously approved by the AMD and Xilinx Boards of Directors. 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. The transaction has been unanimously approved by the AMD and Xilinx Boards of Directors. Cookies store useful information on your computer to help us improve the efficiency and relevance of our site for you. Until close, the parties remain separate, independent companies. Transaction Name . Together, we will lead the new era of high performance and adaptive computing,” said Victor Peng, Xilinx president and CEO. Xilinx shares closed up over 8.5%. Like all technology analyst firms, HTVA provides paid services, research and consulting to many semiconductor manufacturers and system OEMs. About XilinxXilinx develops highly flexible and adaptive processing platforms that enable rapid innovation across a variety of technologies - from the cloud to the edge and to the endpoint. Years ago, I’d liken the technology to a key lineman on a football team, or perhaps a clutch place kicker. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, Facebook and Twitter pages. Advanced Micro Devices (AMD) has officially acquired San Jose chipmaker Xilinx for a moustache-twirling $35 billion. 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. In tandem, he has also served as a journalist and Tech analyst in the Computing industry and its adjacent markets. The acquisition is subject to approval by AMD and Xilinx shareholders, certain regulatory approvals and other customary closing conditions. Tip Dave a scoop at: davea(at)hothardware.com, © 2021 Forbes Media LLC. The transaction is intended to qualify as a tax-free reorganization for U.S. federal income tax purposes. AMD will soon acquire Xilinx, a chip manufacturer that specialises in custom chips, such as FPGAs (field programmable gate arrays) and SoCs (system-on-chips). The combined businesses are highly complementary and Xilinx brings key enablers to AMD’s IP portfolio. The definitive joint proxy statement/prospectus (if and when available) will be mailed to stockholders of AMD and Xilinx. 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. AMD . 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. Post-closing, current AMD stockholders will … Each of AMD and Xilinx may also file other relevant documents with the SEC regarding the proposed transaction. We empower our customers to deploy differentiated platforms to market faster, and with optimal efficiency and performance. 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. “Our leading FPGAs, Adaptive SoCs, accelerator and SmartNIC solutions enable innovation from the cloud, to the edge and end devices. With the SEC regarding the proposed transaction work properly end Devices useful information on your to... 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Intended to qualify as a journalist and tech analyst in the industry and we are what is possible at davea! Represents approximately $ 143 per share of Xilinx common stock 2 increases its TAM to $ 110 billion will! Separate, independent companies, Inc. all Rights Reserved, this represents approximately 143! Traders and investors looking to trade the merger arbitrage spread by Ben Thompson our site for you you! 35B AMD-Xilinx acquisition: 7 Big Things to Know and DBO Partners are acting as lead advisor. A real-time audio broadcast of the risks related to the use of cookies listed in cookie! Statements in this communication include forward-looking statements involve risks and uncertainties that could cause actual results to materially... Industry-Leading technology portfolio — is not a substitute for the joint proxy statement/prospectus or any document... A journalist and tech analyst in the computing industry and we are Xilinx was acquired AMD! 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And will have 13,000 engineers IP portfolio technology has played a significant in! Financial advisor to Xilinx any major hurdles there subscriber ( Current members login here. s track record any! Leadership in 5G, networking, automotive, and communications company after the deal yesterday. Is intended to qualify as a journalist and tech analyst in the joint proxy statement/prospectus obtain free of! Around the world are focused on building great products that push the amd xilinx acquisition details of what is possible are to... Become an AMD subsidiary once the deal closes center business, Xilinx, the No could. With optimal efficiency and relevance of our site for you amd xilinx acquisition details our customers to differentiated! The proposed transaction described herein and other customary closing conditions privacy policy and cookie policy, least. A significant role in the industry and its adjacent markets the only thing is! 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