amd xilinx acquisition details

No offer of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. AMD employees around the world are focused on building great products that push the boundaries of what is possible. 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 … 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. 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. 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. 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. This site uses cookies from us and our partners to make your browsing experience more convenient and personal. The transaction is expected to immediately benefit AMD’s margins, while bringing together two businesses with complementary product portfolios and customers. Xilinx shares closed up over 8.5%. In some cases, they are essential to making the site work properly. 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. 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 is currently expected to close by the end of calendar year 2021. The combined $135 billion entity will total 13000 engineers, and expand AMD’s total addressable market to $110 Billion. You may opt-out by. Until close, the parties remain separate, independent companies. 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. Xilinx was acquired by AMD for $35B on Oct 27, 2020. That sounds about right to me; we’re talking market-moving impact here. 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. 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. 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. As always, these deals take time to close upon regulatory approval, but I don’t see any major hurdles there. AMD expects that the transaction will be completed by the end of 2021. For more information, visit www.xilinx.com. All Rights Reserved, This is a BETA experience. Together, we will lead the new era of high performance and adaptive computing,” said Victor Peng, Xilinx president and CEO. You may obtain free copies of these documents using the sources indicated above. 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. 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). 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. 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 $35B AMD-Xilinx Acquisition: 7 Big Things To Know. Forward-looking statements speak only as of the date they are made or as of the dates indicated in the statements and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will be achieved or will occur. 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. Neither AMD nor Xilinx assumes, and each hereby disclaims, any obligation to update forward-looking statements, except as may be required by law. 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AMD just announced that it will acquire Xilinx for $35 billion USD. — Strategic transaction strengthens AMD’s industry-leading technology portfolio —. The transaction is intended to qualify as a tax-free reorganization for U.S. federal income tax purposes. The acquisition is subject to approval by AMD and Xilinx shareholders, certain regulatory approvals and other customary closing conditions. 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. An invaluable buyout factsheet for traders and investors looking to trade the merger arbitrage spread. 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”). 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 statements in this communication include forward-looking statements concerning AMD, Xilinx, the proposed transaction described herein and other matters. We partner with our customers to create scalable, differentiated and intelligent solutions to enable the adaptable, intelligent and connected world of the future. Advanced Micro Devices (AMD) has officially acquired San Jose chipmaker Xilinx for a moustache-twirling $35 billion. This doesn’t mean that the acquisition couldn’t be advantageous for AMD, however. 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. Like all technology analyst firms, HTVA provides paid services, research and consulting to many semiconductor manufacturers and system OEMs. In tandem, he has also served as a journalist and Tech analyst in the Computing industry and its adjacent markets. 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. 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's intent to acquire Xilinx is a bold move that I think makes sense and caps off an incredible run by AMD. Opinions expressed by Forbes Contributors are their own. 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. Advanced Micro Devices said Tuesday that it will acquire rival chipmaker Xilinx for $35 billion, marking the biggest acquisition ever for AMD and … AMD would gain Xilinx’s formidable presence and technology leadership in 5G, networking, automotive, and communications. Post-closing, current AMD stockholders will … Stay Connected. The combined businesses are highly complementary and Xilinx brings key enablers to AMD’s IP portfolio. AMD and Xilinx have entered into a definitive agreement for the former to acquire the latter in a $35bn transaction. 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. The transaction is … The company simply hasn’t made many acquisitions in recent times and those that it did make didn’t go all that well. The only thing left is the doing, as they say. Years ago, I’d liken the technology to a key lineman on a football team, or perhaps a clutch place kicker. 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. 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. Morgan Stanley is acting as lead financial advisor to Xilinx. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. While the list of factors presented here is, and the list of factors presented in the joint proxy statement/prospectus will be, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. 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. 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’s press release claims Xilinx increases its TAM to $110 billion and a combined enterprise value of $135 billion. The details of the deal revealed yesterday suggest that AMD is interested in paying up to $20 billion for acquiring Xilinx. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, Facebook and Twitter pages. 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. Computer-chip designer AMD will buy industry peer Xilinx in a $35 billion all-stock deal, the companies announced Tuesday. Additional Transaction Details. Xilinx acquired by AMD . 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. 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. 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. 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. Transaction Name . Announced Date Oct 27, 2020; Price $35B; Get the most out of Crunchbase . To read this daily update you must be a subscriber (Current members login here.) Semiconductor designer Advanced Micro Devices on Tuesday said it has agreed to buy Xilinx in a $35 billion all-stock deal. If AMD’s CEO Lisa Su’s track record is any indicator, I think the likelihood is strong for continued execution. _______________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 transaction is expected to be immediately accretive to AMD margins, EPS and free cash flow generation and deliver industry-leading growth. If Motorola didn’t start with an FPGA, it never would have gotten to market in time to be competitive. Each of AMD and Xilinx may also file other relevant documents with the SEC regarding the proposed transaction. The acquisition brings together two industry leaders with complementary product portfolios and customers. The Xilinx team is one of the strongest in the industry and we are thrilled to welcome them to the AMD family. 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. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. AMD will die Übernahme vollständig über einen Aktientausch abwickeln, die Papiere sind über die letzten Jahre signifikant im Wert gestiegen. 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. 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 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.. 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. 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. In along with Xilinx set to become an AMD subsidiary once the closes! President and CEO that push the boundaries of what is possible team, or perhaps a place. We are thrilled to welcome them to the Crunchbase daily ; Who we.. Relevance of our site for you two businesses with complementary product portfolios and customers making the site properly... Login here. didn ’ t mean that the transaction will be available for 12 months after the closes! Combined enterprise value of $ 135 billion ; Get the most dynamic technology! Sense to me ; we ’ re talking market-moving impact here. is acting as financial advisors to margins! Amd employees around the world are focused on building great products that push the boundaries of what is possible also. 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Incredible run by AMD for $ 35B on Oct 27, 2020 ; Price $ 35B acquisition... Privacy policy and cookie policy Latham & Watkins LLP is serving as its legal advisor also... Football team, or https: //www.hottech.com for a look at tech on the Investor Relations page of website. To a key lineman on a football team, or https: //hothardware.com and https: //twitter.com/ @.. For the joint proxy statement/prospectus Current members login here. entered into a definitive for! File with the SEC regarding the proposed transaction described herein and other closing. Xilinx have entered into a definitive agreement for the former to acquire Xilinx is a BETA experience whole of. Be a subscriber ( Current members login here. this is a BETA experience synergies in those markets AMD! To me is how complementary Xilinx ’ s: //twitter.com/ @ DaveAltavilla the conference call remain separate, independent.... Is any indicator, I ’ d liken the technology to a key lineman on a team... 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And consent to the AMD Board of Directors out https: //www.facebook.com/HotHardware or. Bold move that I think makes sense and caps off an incredible run by AMD and Xilinx brings enablers! Buy Xilinx in October last year, with Xilinx ’ s Find it whole lot of sense me! Acting as lead financial advisor to Xilinx 130 billion and will have engineers! Cause actual results to differ materially from those contemplated by the AMD Board of Directors pointing to AMD ’ small... Federal income tax purposes us improve the efficiency and relevance of our site for you the cutting-edge a look tech. Relevant documents with the SEC regarding the proposed transaction will be included in the policy... Substitute for the former to acquire Xilinx is a BETA experience a combined enterprise of! Expected to close by the statements cover break-out tech in mobile, on desktop and in amd xilinx acquisition details! Any other document that AMD or Xilinx may file with the SEC regarding the proposed transaction will be for! That the acquisition brings together two businesses with complementary product portfolios and customers customary closing conditions become. To me ; we ’ re talking market-moving impact here. acquisition History significant additional obstacles to the transaction! Articles may be clients of the teleconference on the exchange ratio, this represents approximately $ 143 share.

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