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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert O who wrote (85811)	10/27/2020 6:57:12 AM
From: Sam	Respond to of 95411

AMD Acquiring Xilinx In Bold, $35B Semiconductor Mega-Deal Patrick MoorheadSenior Contributor forbes.com Bullish commentary on this merger/acquisition. excerpt: I talked to AMD CEO Lisa Su last night and got the download on what could be a historic, $35B semiconductor deal to acquire Xilinx. AMD had a monster Q3 and guide and has been on a growth tear for years, executing brilliantly on differentiated processor architectures for the PC, datacenter, and game console markets. It is hard to believe the company's meteoric rise, and this acquisition is just icing on the cake. I want to provide the essential news and my opinion on it. The news per the AMD press release and deck The following are the deal highlights: Price: $35 billion enterprise value, all stock Ownership: 74% AMD, 26% Xilinx Accretion: Immediately accretive to AMD margins, EPS, and free cash flow generation before synergies. Proforma P&L: $11.6B revenue, $5.9B (51%) GM, $2.4B (21%) opinc, $1.8B operating cash flow (non-GAAP) Cost synergies: $300 million within 18 months of closing the transaction Combined TAM: $110B CAGR: approximately 20% Deal closure: expected close end of 2021 The following are management and governance basics: CEO: Dr. Lisa Su CFO: Devinder Kumar President: Victor Peng, responsible for Xilinx business and "strategic growth initiatives." Board: Two Xilinx directors join the AMD board of directors continues at the link