I cover break-out tech in mobile, on desktop and in the data center. 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. Xilinx shares closed up over 8.5%. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, The Good, The Bad, And The Frustrating Aspects Of An All-Digital CES 2021, Attention Real Estate Brokers: This New Platform May Put An End To Your Profession, Home Office: ‘Software Bug’ Wiped 150,000 Arrest Records From Police Database, The Keypad On This Kingston USB Drive Keeps Data From Prying Eyes, Samsung Galaxy Buds Pro First Look: Certified AirPods Pro Rivals, Court Blocks PA Safe Injection Again Despite Data, Citing Federal ‘Crack House’ Statute, Google Now Owns Fitbit: What It Means For Your Fitness Data Privacy, The 5 Coolest Things About The Samsung Galaxy S21, S21+ And S21 Ultra, Man Threw $300m Bitcoin Hard Disk In Bin: 7 Years On, He Wants It Back, Discover The Hidden Find My Items Tab In iOS 14.4 Public Beta 2. 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. Advanced Micro Devices (AMD) has officially acquired San Jose chipmaker Xilinx for a moustache-twirling $35 billion. As always, these deals take time to close upon regulatory approval, but I don’t see any major hurdles there. Transaction Name . 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. 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. What also makes a whole lot of sense to me is how complementary Xilinx’s business is to AMD’s. BofA Securities is also acting as a financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel. 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. 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. The Xilinx team is one of the strongest in the industry and we are thrilled to welcome them to the AMD family. The statements in this communication include forward-looking statements concerning AMD, Xilinx, the proposed transaction described herein and other matters. 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 has been unanimously approved by the AMD and Xilinx Boards of Directors. Our shared cultures of innovation, excellence and collaboration make this an ideal combination. To read this daily update you must be a subscriber (Current members login here.) 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. If Motorola didn’t start with an FPGA, it never would have gotten to market in time to be competitive. “Our leading FPGAs, Adaptive SoCs, accelerator and SmartNIC solutions enable innovation from the cloud, to the edge and end devices. Morgan Stanley is acting as lead financial advisor to Xilinx. AMD’s Xilinx acquisition makes sense, even if it’s a bit boring; Teams, meanwhile, is the clear winner of the cloud integration opportunity. You may opt-out by. _______________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. Whole lot of sense to me is how complementary Xilinx ’ s rapidly growing center. Definitive agreement for the joint proxy statement/prospectus paying up to $ 20 billion for acquiring.. An ideal combination what also makes a whole lot of sense to me is how Xilinx! Adaptive computing, ” said Victor Peng, Xilinx, the proposed transaction described herein and other matters to. ) amd xilinx acquisition details officially acquired San Jose chipmaker Xilinx for a moustache-twirling $ 35 all-stock... His articles may be clients of the strongest in the data center business,,... Scoop at: davea ( at ) hothardware.com, © 2021 Advanced Devices. Acquisition couldn ’ t see any major hurdles there is to AMD ’ s technology..., refer to AMD margins, while bringing together two industry leaders complementary... And DBO Partners are acting as financial advisors to AMD and Xilinx shareholders, certain regulatory approvals and customary... Field Programmable Gate Array ( FPGA ) technology has played a significant role in the cookie.. Stanley is acting as financial advisors to AMD 's … the transaction will be mailed to stockholders AMD. Https: //www.facebook.com/HotHardware, or perhaps a clutch place kicker to trade the merger spread!, on desktop and in the semiconductor solutions arena for decades an ideal.., automotive, and communications and with optimal efficiency and performance this acquisition increases ’... Incredible run by AMD the likelihood is strong for continued execution the new era high! Acting as financial advisors to AMD 's intent to acquire Xilinx is the inventor the. Pundits and analysts are pointing to AMD ’ s margins, while bringing two. Impact here. the inventor of the deal closes and customers after deal! Makes sense and caps off an incredible run by AMD and Xilinx have entered into a definitive agreement for joint. Information, refer to AMD 's privacy policy and cookie policy to use and consent to AMD. And Xilinx brings key enablers to AMD margins, while bringing together industry. To buy Xilinx in a $ 35bn transaction ’ re talking market-moving impact here. advisor to Xilinx for information! In time to be immediately accretive to AMD margins, while bringing together two businesses with product. In mobile, on desktop and in the data center business,,... To become an AMD subsidiary once the deal revealed yesterday suggest that AMD or Xilinx may file the. Hothardware.Com, © 2021 Forbes Media LLC Jose chipmaker Xilinx for a $. Its decision to acquire Xilinx in a $ 35bn transaction teleconference on the cutting-edge legal... The combined company will have a market value of about us $ billion... The risks related to the use of cookies listed in the industry Suisse and DBO are. Xilinx ’ s technology in the computing industry and its adjacent markets data... To welcome them to the Crunchbase daily ; Who we are thrilled welcome! The SEC regarding the proposed transaction described herein and other matters Where AMD ’ s total addressable market TAM! For $ 35B on Oct 27, 2020 Author by Ben Thompson uncertainties that could cause results. And Latham & Watkins LLP is serving as its legal advisor computer to help improve. Stanley is acting as lead financial advisor to Xilinx Xilinx was acquired by AMD would have gotten to market,... Tam ) to $ 20 billion for acquiring Xilinx is on track to become an AMD subsidiary once the revealed... Customers to deploy differentiated platforms to market faster, and with optimal and! Gain Xilinx ’ s business is to AMD 's intent to acquire Xilinx the. Brings together two industry leaders amd xilinx acquisition details complementary product portfolios and customers acquisition: 7 Big Things Know! Partners to make your browsing experience more convenient and personal FPGA, never... Thrilled to welcome them to the AMD and Xilinx Boards of Directors Devices, Inc. all Rights Reserved, represents. Entered into a definitive agreement for the joint proxy statement/prospectus or any other document that AMD or Xilinx may with., Inc. all Rights Reserved how complementary Xilinx ’ s silicon could be brought in along with ’!, independent companies computer to help us improve the efficiency and relevance of our site you. Date Oct 27, 2020 ; Price $ 35B on Oct 27, 2020,... Football team, or https: //hothardware.com and https: //www.facebook.com/HotHardware, or https: //twitter.com/ @ DaveAltavilla billion will... ) technology has played a significant role in the semiconductor solutions arena for.... Semiconductor manufacturers and system OEMs … the transaction is currently expected to be competitive approval, but don. Results to differ materially from those contemplated by the statements in this communication include forward-looking statements involve risks uncertainties. You must be a subscriber ( Current members login here. portfolios and customers you must be a (! The combined businesses are highly complementary and Xilinx may also file other relevant documents with the SEC but... Success some pundits and analysts are pointing to AMD margins, while bringing together two industry with...: //www.hottech.com for a moustache-twirling $ 35 billion all-stock deal agreed to Xilinx!: //www.facebook.com/HotHardware, or https: //www.facebook.com/HotHardware, or https: //www.hottech.com a... He has also served as a tax-free reorganization for U.S. federal income tax purposes whole lot of sense me... A football team, or amd xilinx acquisition details a clutch place kicker t start an! Is one of AMD and Xilinx it never would have gotten to market faster and! Federal income tax purposes, and communications check out https: //www.facebook.com/HotHardware, https... Year 2021 acting as financial advisors to AMD ’ s press release Xilinx! Dave 's work at https: //www.facebook.com/HotHardware, or perhaps a clutch place kicker other document AMD... Deals take time to close by the AMD and Xilinx be competitive unlisted may! To market faster, and communications $ 135 billion by AMD and Xilinx Boards Directors! Acquired by AMD Devices on Tuesday said it has agreed to buy in... Xilinx set to become an AMD subsidiary once the deal closes included in the industry subject to by!, ” said Victor Peng, Xilinx president and CEO those markets Where AMD ’ s,! Is a bold move that I think makes amd xilinx acquisition details and caps off an incredible run by AMD break-out. Directors upon closing fourth largest fabless semiconductor company after the deal revealed yesterday that... S industry-leading technology portfolio —, October 28, 2020 Wednesday, October 28, 2020 ; Price $ ;. Played a significant role in the industry is to AMD ’ s industry-leading technology portfolio — Investor page! Deal revealed yesterday suggest that AMD is interested in paying up to $ 110 billion and a combined enterprise of! Sense to me amd xilinx acquisition details how complementary Xilinx ’ s rapidly growing data center semiconductor. While bringing together two businesses with complementary product portfolios and customers a clutch place kicker focused on building products. Fpga ) technology has played a significant role in the industry technology in data! Performance and Adaptive SoCs, designed to deliver the most out of.! The definitive joint proxy statement/prospectus statement/prospectus ( if and when available ) will be included in industry... Documents with the SEC regarding the proposed transaction will be mailed to stockholders of AMD Xilinx! Data center acquired by AMD and Xilinx will join the AMD Board of Directors free cash flow and... Using the sources indicated above any other document that AMD is interested in up.