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ADVANCED MICRO DEVICES, INC.

(AMD)
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AMD in advanced talks to buy Xilinx in over $30 bln deal - WSJ

10/08/2020 | 10:07pm EDT

Oct 8 (Reuters) - Advanced Micro Devices Inc is in advanced talks to buy rival chip maker Xilinx Inc in a deal that could be valued at more than $30 billion, the Wall Street Journal reported late Thursday, citing people familiar with the matter.

A deal, which could mark the latest big tie-up in the rapidly consolidating semiconductor industry, can come together as soon as next week, the newspaper reported https://on.wsj.com/3nzC4n1.

AMD has seen a higher usage of its products recently, driven in part by an overall surge in chip demand due to a global shift to work from home, and market-share gains from larger rival Intel Corp.

A spokeswoman for Xilinx declined to Reuters request for comment, while AMD did not immediately respond.

San Jose, California-based Xilinx makes programmable chips used in data centers to speed up tasks such as artificial intelligence work and in 5G telecommunications base stations.

The company's business suffered a setback last year when key customer Huawei Technologies Ltd was blacklisted by U.S. officials, preventing it from buying chips from U.S. companies. Government officials have since added other China-based companies, including some Xilinx customers, to the list.

(Reporting by Rebekah Mathew and Rama Venkat in Bengaluru, Editing by Sherry Jacob-Phillips)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED MICRO DEVICES, INC. 0.11% 84.65 Delayed Quote.-7.80%
INTEL CORPORATION -2.64% 55.67 Delayed Quote.14.85%
XILINX, INC. -0.32% 131.92 Delayed Quote.-6.65%
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Financials (USD)
Sales 2021 14 717 M - -
Net income 2021 2 355 M - -
Net cash 2021 4 133 M - -
P/E ratio 2021 45,5x
Yield 2021 -
Capitalization 103 B 103 B -
EV / Sales 2021 6,70x
EV / Sales 2022 5,68x
Nbr of Employees 12 600
Free-Float 99,0%
Chart ADVANCED MICRO DEVICES, INC.
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Advanced Micro Devices, Inc. Technical Analysis Chart | AMD | US0079031078 | MarketScreener
Technical analysis trends ADVANCED MICRO DEVICES, INC.
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 42
Average target price 100,78 $
Last Close Price 84,56 $
Spread / Highest target 59,6%
Spread / Average Target 19,2%
Spread / Lowest Target -79,9%
EPS Revisions
Managers and Directors
NameTitle
Lisa T. Su President, CEO & Non-Independent Director
Devinder Kumar Chief Financial Officer, Treasurer & Executive VP
John Edward Caldwell Chairman
Mark D. Papermaster CTO, Executive VP-Technology & Engineering
Keivan Keshvari Senior Vice President-Global Operations
Sector and Competitors
1st jan.Capitalization (M$)
ADVANCED MICRO DEVICES, INC.-7.80%102 742
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NVIDIA CORPORATION42.91%464 939
INTEL CORPORATION14.85%230 893
BROADCOM INC.7.61%193 302
TEXAS INSTRUMENTS14.38%173 299