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AMD buys his “peers” to fight Intel

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October 27, 2020
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AMD buys his “peers” to fight Intel
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AMD buys his “peers” to fight IntelАнна Saveliev | 27.10.2020

AMD покупает своего «сверстника» для борьбы с Intel

The company expects to challenge his rival in the fast-growing data center market and around it.

Tuesday, 27 October, AMD announced plans to acquire U.S. chip maker Xilinx for $35 billion But it’s worth noting that the company agreed to exchange shares based 1,7234
shares of AMD for one share of Xilinx that will not resort to borrowing.

It is expected that the transaction will be closed at the end of 2021. In the end the market will be the combined company with a staff of 13 000 engineers, approximately 74% of which will control the current
the shareholders of AMD, while 26% will go to the shareholders of Xilinx. The head of the United company will become CEO Lisa su, the strategic development will meet President Viktor Pins, current leader Xilinx.
The remaining two Director Xilix will join the Board of Directors of AMD.

Lisa su has set himself the task to challenge Intel in 2014, when he joined as CEO of AMD. The main focus for development, it chose the data center segment, which
provide services and contribute to the development of artificial intelligence and 5G. As a result, both companies have been able to find a more flexible method of capturing market share from a competitor, which is now
experiencing problems with domestic production.

The main competitor is Xilinx, Altera, which was purchased by Intel in 2015 for $16.7 billion, the company’s Products are focused on specialised tasks, such as encryption or digital
the video compression. However, the manufacturer also uses TSMC and modular factory design to the chips. The strategy of outsourcing will be retained after the merger.

Companies expect that the deal will save $300 million.

After the announcement of the plans shares of AMD fell by about 4%, but then rose by 1.97% to $8,85, while shares of Xilinx rose 16.5% to $133,45. Revenue and adjusted profit for AMD
the third quarter exceeded analysts ‘ expectations, and instead of $2.57 billion, the company could reach $2,80 billion.

Mergers and acquisitions

AMD

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