AMD to buy Xilinx in $35 billion all-stock deal

Advanced Micro Devices agreed to buy Xilinx for $35 billion in stock, taking the chipmaker into more diverse and profitable markets and adding to its data center offerings.

Xilinx investors will get 1.7234 AMD shares for each Xilinx stock they own. That values Xilinx at about $143 a share, 25{403cc565fa3cc21393751b9dcd44ef172eb53ec18650f129cafdd18bff67f4a7} more than the closing price on Monday and 35{403cc565fa3cc21393751b9dcd44ef172eb53ec18650f129cafdd18bff67f4a7} above the price before news of a possible deal was reported earlier in October.

The deal is a coup for AMD Chief Executive Officer Lisa Su, creating a company with a larger research-and-development budget and a broader array of products to take on Intel Corp.

Since taking over in 2014 when AMD was in crisis, she has slashed debt and overseen the development of more powerful processors. Revenue and profit have surged and the stock has soared. Now Su is using that currency to snap up a company with complementary … Read More

Waymo, Daimler to partner in developing self-driving semi trucks By Reuters

© Reuters. FILE PHOTO: The Waymo logo is displayed during the North American International Auto Show in Detroit


By Paul Lienert and Joseph White

DETROIT (Reuters) – Daimler AG’s (DE:) commercial truck unit and Alphabet Inc’s (O:) Waymo on Tuesday said they will collaborate on development of self-driving Class 8 semi trucks, applying Waymo’s automated system to Daimler (OTC:)’s Freightliner Cascadia.

Class 8 trucks are semi trucks and other large commercial vehicles with a carrying capacity exceeding 33,000 lb (14969 kg).

The partnership accelerates a race to put automated heavy-duty trucks on the road, with a handful of powerful teams chasing commercial customers seeking to reduce dependence on human drivers.

Waymo Chief Executive John Krafcik said during a conference call that it will take time for major suppliers of Class 8 truck hardware to develop the braking, steering and other technology required to bring a fully automated semi

Read More