AMD’s press release claims Xilinx increases its TAM to $110 billion and a combined enterprise value of $135 billion. Post-closing, current AMD stockholders will … 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. The webcast will be available for 12 months after the conference call. 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. Based on the exchange ratio, this represents approximately $143 per share of Xilinx common stock 2. You may opt-out by. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its website at www.amd.com. And check out https://hothardware.com and https://www.hottech.com for a look at tech on the cutting-edge. 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 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. In addition, at least two Xilinx directors will join the AMD Board of Directors upon closing. This site uses cookies from us and our partners to make your browsing experience more convenient and personal. 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 intended to qualify as a tax-free reorganization for U.S. federal income tax purposes. 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. We partner with our customers to create scalable, differentiated and intelligent solutions to enable the adaptable, intelligent and connected world of the future. Follow Dave's work at https://www.facebook.com/HotHardware, or https://twitter.com/@DaveAltavilla. The transaction has been unanimously approved by the AMD and Xilinx Boards of Directors. 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. As always, these deals take time to close upon regulatory approval, but I don’t see any major hurdles there. 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. 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. AMD’s press release claims Xilinx increases its TAM to $110 billion and a combined enterprise value of $135 billion. Like all technology analyst firms, HTVA provides paid services, research and consulting to many semiconductor manufacturers and system OEMs. Xilinx acquired by AMD . AMD expects that the transaction will be completed by the end of 2021. 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. 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. 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.”. “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. 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. The Xilinx team is one of the strongest in the industry and we are thrilled to welcome them to the AMD family. For more information, visit www.xilinx.com. Opinions expressed by Forbes Contributors are their own. 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. 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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 … 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. Computer-chip designer AMD will buy industry peer Xilinx in a $35 billion all-stock deal, the companies announced Tuesday. Try Pro Free . The acquisition brings together two industry leaders with complementary product portfolios and customers. 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. Neither AMD nor Xilinx assumes, and each hereby disclaims, any obligation to update forward-looking statements, except as may be required by law. This deal was done in Stock. 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. The blockbuster acquisition will unite two leading developers of … Acquired by . 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. 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. The company simply hasn’t made many acquisitions in recent times and those that it did make didn’t go all that well. The transaction is … 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). 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. Cookies store useful information on your computer to help us improve the efficiency and relevance of our site for you. Xilinx shares closed up over 8.5%. Amd and Xilinx have entered into a definitive agreement for the joint statement/prospectus! To immediately benefit AMD ’ s incredible run by AMD and Xilinx Boards of Directors some the! At www.amd.com on a football team, or perhaps a clutch place kicker indicator, ’. 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