Chip maker, Advanced Micro Devices, is in talks to buy a rival chip maker – the American company Xilinx, reported The Wall Street Journal. The deal might be exceeding to $ 30 billion and could be announced for the next week.
The merger will become one of the largest transactions in the industry this year, along with the planned acquisition of the British processor developer Arm by the NVIDIA company for $ 40 billion. AMD may pay for the purchase with its own shares, which have risen significantly in the recent times, the WSJ reported.
On Thursday, October 8, the Xilinx`s shares rose on 0.15% to $ 105.99. On Friday, October 9, quotations soared at pre-auction by 16.61% to $ 123.59. At the same time, AMD shares fell by 4.06% to $ 83. In this way, investors recoup the costs that the buyer will incur during the takeover. Capitalization of the Xilinx’s market is now about a quarter of AMD’s value, which exceeds to $ 100 billion.
Xilinx manufactures programmable chips that are used in the data centers and the 5G base stations. The merger with the Xilinx will give AMD more opportunities to compete with Intel in the lucrative market for the computer components for data centers.
Interest in Xilinx reflects the growing needs of the cloud service providers such as online retailer Amazon or IT giant Google, writes Bloomberg. These companies are investing heavily in the new data centers to meet the growing demand for the computing power.
IT giant Google and Singapore’s state-owned investment company Temasek have invested in Indonesia’s largest online store Tokopedia, writes Nikkei Asian Review. The amount of investments is not disclosed. In October, Bloomberg reported that Tokopedia was going to raise about $ 350 million from Google and Temasek. This is Google’s second investment in the Indonesian unicorn. […]
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Shares of Amazon, which rose by 73.8% since the beginning of the year (more than the growth of Apple, Microsoft, Google and Facebook), fell 2% after closing trading on Thursday, when the company released a report for the 3rd quarter, which ended September 30. Amazon set a new revenue record, e-commerce increased sales by 57% […]
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American chipmaker Advanced Micro Devices Inc (AMD) is buying rival Xilinx Inc for $ 35 billion under a deal that it will be paid for in full by AMD shares. According to a press release from AMD, the operation will create a company worth about $ 135 billion. “The acquisition of Xilinx will allow AMD […]
Finnish corporation Nokia will supply about 7.5 thousand 5G transmitters for Telia in Finland, Scandinavia and the Baltics, the equipment supplier said on Wednesday. Telia is a telecommunications company. The headquarters is located in Stockholm. The company’s largest shareholders are the governments of Sweden (37.3%) and Finland (11.7%). The company serves all government communications resources […]
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Shares of Nvidia, which rose on 109.7% since the beginning of the year, reached a new high record on Monday, as a result, Nvidia’s capitalization market for the first time exceeded $ 300 billion, it is significantly higher than the estimated market of Intel in $ 210 billion. Wall Street experts said that Nvidia was […]Next
Each company and the man himself admits, sometimes failing, seemingly mistakes. But if it is really a failure or a good experience for the development shows a wonderful book of Laurence G. Weinzimmer and Jim McConoughey “The Wisdom of Failure”. 5 small stories from the book will help you to understand that the business mistakes […]Next
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Automaker General Motors has introduced the Buick Electra Concept. The electric car is designed for four people and has a minimalist design. The car can travel more than 660 km without recharging. It takes 4.3 seconds to accelerate to 100 km / h. The total power of the two engines reaches to 583 horsepower. It […]Next
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In the US, customers in Starbucks stores will be told the code of the drink, with which they can get information about where the grain of their choice was delivered, in what conditions it was grown and fried. Farmers who cooperate with the network, also can track their products. “We’ve been able to keep track […]Next
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