AMD and ATI to Create Processing Powerhouse

- $5.4 Billion Acquisition Will Drive Growth, Innovation and Choice -

- AMD and ATI to Hold Joint Executive Conference Call Today at 8:00 a.m. EDT -

NEW YORK -- July 24, 2006 --AMD (NYSE: AMD) and ATI (TSX: ATY, NASDAQ: ATYT) today announced plans to join forces in a transaction valued at approximately $5.4 billion. The combination will create a processing powerhouse by bringing AMD’s technology leadership in microprocessors together with ATI’s strengths in graphics, chipsets and consumer electronics. The result: A new and more formidable company, determined to drive growth, innovation and choice for its customers, particularly in the commercial and mobile computing segments and in the rapidly-growing consumer electronics market. Combining technologies, people, and complementary strengths, AMD plans to deliver in 2007 customer-centric platforms for the benefit of customers who want to collaborate in the development of differentiated solutions.

AMD’s acquisition of ATI will position the new company to deliver innovations that fulfill the increasing demand for more integrated solutions in key market segments while also continuing to develop “best-of-breed” discrete products that empower customers to choose the combination of technologies that best serves their needs. In 2008 and beyond, AMD aims to move beyond current technological configurations to transform processing technologies, with silicon-specific platforms that integrate microprocessors and graphics processors to address the growing need for general-purpose, media-centric, data-centric and graphic-centric performance. Thus, the combined company intends to empower its customers to create their own unique products and solutions within an open-innovation ecosystem free from artificial barriers to customer success.

“ATI shares our passion and complements our strengths: technology leadership and customer centric innovation,” said AMD Chairman and CEO Hector Ruiz. “Bringing these two great companies together will allow us to transcend what we have accomplished as individual businesses and reinvent our industry as the technology leader and partner of choice. We believe AMD and ATI will drive growth and innovation for the entire industry, enabling our partners to create differentiated solutions and empowering our customers to choose what is best for them.”

“This combination means accelerated growth for ATI, and broader horizons for our employees,” said Dave Orton, President and CEO of ATI. “All of our product lines will benefit. Joining with AMD will enable us to innovate aggressively on the PC platform, and continue to invest significantly in our consumer business to stay in front of our markets.”

“Windows Vista will deliver incredible advances in the user experience as a result of advancements in graphics integration and performance,” said Jim Allchin, Co-President of Microsoft’s Platforms & Services Division. “We’re excited by the potential of what AMD and ATI can deliver together to enhance the Windows Vista experience for our customers even further.”

Under the terms of the transaction, AMD will acquire all of the outstanding common shares of ATI for a combination of $4.2 billion in cash and 57 million shares of AMD common stock, based on the number of shares of ATI common stock outstanding on July 21, 2006. All outstanding options and RSUs of ATI will be assumed. Based upon the closing price of AMD common stock on July 21, 2006 of $18.26 a share, the consideration for each outstanding share of ATI common stock would be $20.47, comprised of $16.40 of cash and 0.2229 shares of AMD common stock.

AMD anticipates it will finance the cash portion of the transaction with a combination of cash and new debt. AMD has obtained a $2.5 billion term loan commitment from Morgan Stanley Senior Funding, Inc. which, together with combined existing cash, cash equivalents, and short term investments balances of approximately $3.0 billion, provides full funding for the transaction.

ATI has received an opinion from its financial advisors that the transaction from a financial point of view is fair to its shareholders. The transaction was unanimously approved by the board of directors of each company. The transaction is subject to ATI shareholder approval, Canadian court supervision of a Plan of Arrangement, and other regulatory approvals including merger notification filings in the United States, Canada and other jurisdictions, as well as customary closing conditions. In the event that the transaction does not close, ATI has agreed to pay AMD a termination fee of $162.0 million under circumstances specified in the acquisition agreement. The transaction is expected to be completed in the fourth quarter of 2006.

原文连接：http://www.amd.com/us-en/Corporate/VirtualPressRoom/0,,51_104_543~110899,00.html

只能看懂一点点，求完整翻译

三姓家奴论退散，这和XO没任何关系，只是业内的正常并购案，不过感觉AMD这买卖做得不明智啊~

AMD宣布以现金加股票方式收购ATI 总价54亿美元

新浪科技讯 北京时间7月24日最新消息，AMD周一正式宣布，将以总值54亿美元收购图形芯片制造商ATI。收购完成后，AMD将掌握覆盖处理器、芯片组、显示芯片的完整产业链。

　　根据双方签订的条款，AMD将以42亿美元现金加上5700万股AMD普通股，收购ATI全部流通普通股。ATI流通股的计算方式是基于7月21日的股市数字。
    
　　AMD透露，将以每股20.47美元的价格收购ATI股份，即每股ATI股票等于16.4美元加0.2229股AMD股票，按上周五ATI收盘价计算，每股溢价20%。

　　来自市场调查机构Jon Peddie Research的数据显示，目前英特尔占据了全球图形芯片市场39.1%的市场份额，ATI和NVIDIA以28.7%和19%的份额仅随其后，而AMD至今为止是0。

　　Gartner硬件系统集团首席分析师叶磊认为，“一直以来，AMD与NVIDIA之间就合作密切，如果能够收购技术储备充足的ATI，AMD就可以获得自己设计芯片组和显示芯片以及预处理其整合的能力，同时又俘获了英特尔的一个重要伙伴。”他同时指出，AMD也要充分考虑对另一重要合作伙伴NVIDIA的平衡，避免将其直接推向英特尔。

这样INTEL绝对搞不死AMD鸟..

根据LZ贴出的AMD官方公告，目前微软对此事的唯一反应：

“Windows Vista will deliver incredible advances in the user experience as a result of advancements in graphics integration and performance,” said Jim Allchin, Co-President of Microsoft’s Platforms & Services Division. “We’re excited by the potential of what AMD and ATI can deliver together to enhance the Windows Vista experience for our customers even further.”

“Windows Vista将带来令人惊异的先进特性，以图像表现和性能表现推进用户体验，”微软平台与服务事业部联合总裁Jim Allchin说，“我们对AMD和ATI联手后的潜力倍感兴奋，期待他们能增进我们的用户对Windows Vista的体验。”

－－基本就是个官方辞令。其背后深远影响还有待时间证明……

RestlessDream在上个帖子中说

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他同时指出，AMD也要充分考虑对另一重要合作伙伴NVIDIA的平衡，避免将其直接推向英特尔。

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　　这便不可能啊，当初NV收购ULi的时候所考虑的就是担心日后ATi利用ULi的芯片技术对自己的芯片组造成威胁。这样下去最大的受益者反倒是Intel，也不用成天说Intel用扣肉搞死AMD之类的了，我看更有可能最后是AMD因缺少第三方芯片组支持而最终自己搞死自己。

RestlessDream在上个帖子中说

引用:

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根据LZ贴出的AMD官方公告，目前微软对此事的唯一反应：

“Windows Vista will deliver incredible advances in the user experience as a result of advancements in graphics integration and performance,” said Jim Allchin, Co-President of Microsoft’s Platforms & Services Division. “We’re excited by the potential of what AMD and ATI can deliver together to enhance the Windows Vista experience for our customers even further.”

“Windows Vista将带来令人惊异的先进特性，以图像表现和性能表现推进用户体验，”微软平台与服务事业部联合总裁Jim Allchin说，“我们对AMD和ATI联手后的潜力倍感兴奋，期待他们能增进我们的用户对Windows Vista的体验。”

－－基本就是个官方辞令。其背后深远影响还有待时间证明……

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也许不是辞令呢?这只有盖茨说的清

英特也收购硬威达吧~~~~~

专业服务器市场AMD因为没有自己的芯片组而造成的不稳定使得AMD损失了大把大把的美刀

并购ATI使AMD得到了整套的芯片组开发团队, 从芯片提供商转为平台提供商可以提升好几个档次啊

以上, 个人看法

这下N是否要专心做I的主板了?

但是这块市场不是一直都是I自己吃的吗?会吐出来让给N?

上杉不谦信在上个帖子中说

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英特也收购硬威达吧~~~~~

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INTEL好像不缺什么吧

Zico2003在上个帖子中说

引用:

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专业服务器市场AMD因为没有自己的芯片组而造成的不稳定使得AMD损失了大把大把的美刀

并购ATI使AMD得到了整套的芯片组开发团队, 从芯片提供商转为平台提供商可以提升好几个档次啊

以上, 个人看法

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　　ATi自己设计的芯片组，除还没面市的RD600外，性能都中规中矩，低端销量高是因为整合主板性价比高。ATi在没有ULi南桥时，自己开发的几款南桥性能被不少人诟病，所以AMD得到这样的芯片组开发团队也不见得会提高什么档次。而且AMD那点产能做CPU都捉襟见肘，短期内涉足自己的芯片组业务怎么想也不可能。

　　除非AMD真如自己所说，打算在不久的将来推出整合南北桥、显示核心的处理器，那样ATi的技术还有整合的余地。总之就我个人而言，是想不通的买卖。

　　btw，相对于NV，Intel缺乏对应高阶玩家的高性能芯片组（不可否认，NF系列主板就是NB），也缺少高性能的板载显卡。

那以后出的显卡叫什么？AMDATI?

ATI真是可怜啊,显卡市场被NV打压利润太低,落得被收购的地步

jinyibo在上个帖子中说

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那以后出的显卡叫什么？AMDATI?

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应该还是叫ATI,但骨子里已经不是ATI撩,就像以前的ELSA

超越梦想在上个帖子中说

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ATI真是可怜啊,显卡市场被NV打压利润太低,落得被收购的地步

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　　没这么一说吧，论显卡市场份额来说ATi目前依然领先。就算高端卖的不如NV的SLi，但中低端产品线依然做的不差，甚至有的细分市场还比NV卖得更出色，也不至于利润低到等着被人收购的地步。