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. Semiconductor designer Advanced Micro Devices on Tuesday said it has agreed to buy Xilinx in a $35 billion all-stock deal. 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. 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. Xilinx was acquired by AMD for $35B on Oct 27, 2020. 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. This site uses cookies from us and our partners to make your browsing experience more convenient and personal. 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. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. The blockbuster acquisition will unite two leading developers of … Xilinx shares closed up over 8.5%. 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. “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. 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. 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. In addition, at least two Xilinx directors will join the AMD Board of Directors upon closing. As always, these deals take time to close upon regulatory approval, but I don’t see any major hurdles there. AMD just announced that it will acquire Xilinx for $35 billion USD. 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. 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 … 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.. Field Programmable Gate Array (FPGA) technology has played a significant role in the semiconductor solutions arena for decades. 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. Posted on Wednesday, October 28, 2020 Wednesday, October 28, 2020 Author by Ben Thompson. The transaction is currently expected to close by the end of calendar year 2021. Advanced Micro Devices (AMD) has officially acquired San Jose chipmaker Xilinx for a moustache-twirling $35 billion. The Xilinx team is one of the strongest in the industry and we are thrilled to welcome them to the AMD family. I cover break-out tech in mobile, on desktop and in the data center. Computer-chip designer AMD will buy industry peer Xilinx in a $35 billion all-stock deal, the companies announced Tuesday. © 2021 Advanced Micro Devices, Inc. All Rights Reserved. Acquisitions and AMD – Little History of Success Some pundits and analysts are pointing to AMD’s small acquisition history. 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. Tip Dave a scoop at: davea(at)hothardware.com, © 2021 Forbes Media LLC. 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The transaction is expected to immediately benefit AMD’s margins, while bringing together two businesses with complementary product portfolios and customers. 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. 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. 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. AMD employees around the world are focused on building great products that push the boundaries of what is possible. The transaction will be immediately accretive to AMD margins, cashflow and EPS, but what’s more interesting to me is the technology that Xilinx brings to the table, as well as the substantial market impact the combined companies could have. 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. “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. AMD would gain Xilinx’s formidable presence and technology leadership in 5G, networking, automotive, and communications. For more information, visit www.xilinx.com. For more information, refer to AMD's privacy policy and cookie policy. 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. 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. A more fulsome discussion of the risks related to the proposed transaction will be included in the joint proxy statement/prospectus . This doesn’t mean that the acquisition couldn’t be advantageous for AMD, however. 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. 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. What also makes a whole lot of sense to me is how complementary Xilinx’s business is to AMD’s. And check out https://hothardware.com and https://www.hottech.com for a look at tech on the cutting-edge. 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. Together, we will lead the new era of high performance and adaptive computing,” said Victor Peng, Xilinx president and CEO. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, Facebook and Twitter pages. The webcast will be available for 12 months after the conference call. AMD’s press release claims Xilinx increases its TAM to $110 billion and a combined enterprise value of $135 billion. Follow Dave's work at https://www.facebook.com/HotHardware, or https://twitter.com/@DaveAltavilla. Advanced Micro Devices said Tuesday that it will acquire rival chipmaker Xilinx for $35 billion, marking the biggest acquisition ever for AMD and … This acquisition increases AMD’s total addressable market (TAM) to $110 billion. 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 transaction is … 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. 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. 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). An invaluable buyout factsheet for traders and investors looking to trade the merger arbitrage spread. 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. Some of the companies covered in his articles may be clients of the firm. AMD's intent to acquire Xilinx is a bold move that I think makes sense and caps off an incredible run by AMD. Try Pro Free . BofA Securities is also acting as a financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel. If I’m a betting man, I’d wager the good Dr. Su and her new extended team will advance yet again. 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. 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. AMD’s Xilinx acquisition makes sense, even if it’s a bit boring; Teams, meanwhile, is the clear winner of the cloud integration opportunity. Based on the exchange ratio, this represents approximately $143 per share of Xilinx common stock 2. 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 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… Until close, the parties remain separate, independent companies. The transaction has been unanimously approved by the AMD and Xilinx Boards of Directors. Acquired by . 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. 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. The details of the deal revealed yesterday suggest that AMD is interested in paying up to $20 billion for acquiring Xilinx. AMD expects that the transaction will be completed by the end of 2021. The combined businesses are highly complementary and Xilinx brings key enablers to AMD’s IP portfolio. To read this daily update you must be a subscriber (Current members login here.) The combined $135 billion entity will total 13000 engineers, and expand AMD’s total addressable market to $110 Billion. 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. 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. Transaction Name . AMD Acquires Xilinx, Microsoft’s Earnings, Teams Wins. 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. This deal was done in Stock. That sounds about right to me; we’re talking market-moving impact here. 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 statements in this communication include forward-looking statements concerning AMD, Xilinx, the proposed transaction described herein and other matters. The acquisition is subject to approval by AMD and Xilinx shareholders, certain regulatory approvals and other customary closing conditions. If Motorola didn’t start with an FPGA, it never would have gotten to market in time to be competitive. 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. AMD . We empower our customers to deploy differentiated platforms to market faster, and with optimal efficiency and performance. 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. AMD announced its decision to acquire Xilinx in October last year, with Xilinx set to become an AMD subsidiary once the deal closes. 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. 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. Announced Date Oct 27, 2020; Price $35B; Get the most out of Crunchbase . The combined company will have a market value of about US$130 billion and will have 13,000 engineers. At: davea ( at ) hothardware.com, © 2021 Advanced Micro Devices Inc.! $ 20 billion for acquiring Xilinx additional information about the acquisition is subject to approval by AMD with ’! Small acquisition History realization of forward looking statements and investors looking to trade merger. 130 billion and will have a market value of about us $ 130 and! Convenient and personal by AMD and Xilinx shareholders, certain regulatory approvals and other customary closing.. 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