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Xilinx stock goes up, AMD stock goes down after $35B buyout

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Advanced Micro Devices (AMD) has officially acquired San Jose chipmaker Xilinx for a moustache-twirling $35 billion.

The deal is this year’s second largest tech disclosed acquisition, behind NVIDIA’s $40 billion buyout of mobile phone chipmaker Arm in September.

As a result, Xilinx (XLNX) shareholders will get 1.7234 AMD shares for each XLNX share held at the time of the acquisition. “Based on the exchange ratio, this represents approximately $143 per share of Xilinx common stock,” reads an AMD press release.

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XLNX rose 10% in the hours after the deal’s disclosure to $125.21, still 12% less than the $143 per share price estimated by AMD. AMD stock fell 5%.

XLNX‘s current market value is a touch more than $30 billion, which is more in line with the rumored acquisition price that surfaced earlier this month.

AMD buyout did just the trick for XLNX’s stock price

XLNX is now up 30% year to date, bringing the stock six points ahead of the S&P Semiconductor Index, but well behind rampaging semiconductor stocks like NVIDIA (NVDA) and AMD.

It is however streaks ahead of industry titan Intel, which has seen its stock price plummet more than 22% this year after reporting its second lacklustre earnings in a row.

amd, xilinx, stock

[Read: NVIDIA takes the US chipmaker crown from Intel — a first since 2014]

On Intel, Wall Street insider Nancy Tengler told CNBC: “It had two bad quarters. There’s likely to be another one.”

The biggest US-listed chipmaker is really from Taiwan

In terms of sheer growth, NVDA has added more dollars to its market cap this year than practically any other semiconductor stock on the market.

NVDA began 2020 worth $147.5 billion — it’s now valued at more than $329.3 billion, $181 billion added in less than 10 months.

But Taiwan’s Taiwan Semiconductor Manufacturing Company is still the outright biggest.

The US-listed firm is worth nearly $405 million, more than 22% larger than runner-up NVDA and over twice as big as third place INTC.

Published October 27, 2020 — 17:27 UTC

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Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

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You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

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Apple will replace AirPods Pro for free with faulty noise cancellation, static or crackling

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Today, exactly one year after Apple first launched the AirPods Pro — and thus the same day the very first AirPods Pro owners will see their one-year warranties expire — Apple has launched a repair program that offers free repairs or replacements for another whole year if your AirPods Pro experience issues with noise cancellation or static.

Specifically, Apple will fix:

Crackling or static sounds that increase in loud environments, with exercise or while talking on the phone

Active Noise Cancellation not working as expected, such as a loss of bass sound, or an increase in background sounds, such as street or airplane noise

Apple says only a “small percentage of AirPods Pro” are affected by the issues, but it apparently wasn’t just an early batch — Apple says affected units were manufactured “before October 2020,” meaning every AirPods Pro ever made might be eligible. That’s quite a recall if so. Apple says it will repair faulty AirPods Pro for two years after you first buy them.

We’ve heard complaints about degraded noise cancellation before, and at least one Verge editor has replaced their AirPods Pro under warranty. It’s nice to hear that Apple isn’t just cutting buyers off as soon as that warranty expires.

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This 55″ 4K TCL Smart TV Hangs on Your Wall for $200

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Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily.

TCL 55″ S434 4K Smart TV | $200 | Best Buy

Best Buy has an insane deal going for a brand new 55″ 4K TCL smart TV. It’s the S434, which is pretty baseline for TCL’s lineup, but at just $200, there’s little to complain about. TCL’s panels are plenty sharp and accurate, and with this set, you’ll get HDR10 compliance for enhanced color and brightness in supported games and video content. This model has Android TV onboard for all your app needs, and with an included voice remote, all your favorite content is just a shout away with the help of Google Assistant.

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