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 英特尔想买下FPGA厂商 |
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创思
头衔: 海归少校
声望: 学员
加入时间: 2007/07/19
文章: 220
海归分: 23833
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作者：创思 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
https://eetimes.com/news/latest/showArticle.jhtml;jsessionid=T1TGBB5K2QGYJQE1
GHPCKHWATMY32JVN?articleID=222300806
SAN FRANCISCO—Intel Corp. may look to acquire an FPGA supplier such as Xili
nx Inc. or Altera Corp. in 2010 in an effort to expand its presence in the e
mbedded market as well as SoCs, according to a Wall Street analyst.
Christopher Danely, an analyst with JP Morgan Securities Inc., said in a rep
ort titled "Top 10 Semiconductor Predictions for 2010" that the year could b
ring a big strategic acquisition to the semiconductor space. In addition to
Intel acquiring an FPGA vendor, Danely speculated that other large acquisiti
ons could be possible, including Analog Devices Inc. (ADI) buying a power ma
nagement IC company and Microchip Technology Inc. buying a company to expand
its presence in the microcontroller market.
Intel has been gearing up to expand its presence in the embedded space, last
year acquiring embedded software specialist Wind River Systems Inc. and por
ting unspecified Atom processor cores to Taiwan Semiconductor Manufacturing
Co. Ltd. (TSMC)'s technology platform. Danely speculates that an acquisition
of Xilinx or Altera would jump start these efforts, but it is unclear how t
he FPGA technologies would mesh with Intel's. Like many companies, Intel pre
viously played in the programmable logic space but abandoned those efforts y
ears ago.
Danely said that both Actel Corp. and Lattice Semiconductor Corp. would be u
nlikely targets for Intel (Santa Clara, Calif.) because of their relatively
small size. Xiliinx (San Jose, Calif.), the market leader in programmable lo
gic, would make a more attractive target for Intel than No. 2 player Altera
(San Jose), Danely wrote, because Xilinx has higher operating expenses and c
ould offer Intel higher cost savings opportunities.
Altera, a customer of Taiwan Semiconductor Manufacturing Co. (TSMC), has in
recent years maintained a process technology migration lead over Xilinx, whi
ch uses foundry suppliers United Microelectronics Corp. (UMC), Samsung Elect
ronics Co. Ltd. and others. Danely speculated that Intel could significantly
boost Xilinx by buying the company and migrating its products to Intel proc
ess technology, which is the most advanced in the industry.
Another Wall Street analyst, Hans Mosesmann of Raymond James Equity Research
, doesn't share Danely's view. Mosesmann said his firm would "wholeheartedly
disagree" with speculation that Intel might buy Xilinx or Altera, at least
in 2010.
Mosesmann said Intel really wants to be relevant in wireless and smartphones
. An acquisition of Xilinx or Altera would have no value in that endeavor, h
e said.
Mosesmann noted that Intel already tried its hand in programmable logic but
ultimately sold its PLD business to Altera for about $50 million in 1994. "T
hey've been there," he said. "They've done that. It's not their gig."
Intel, which has about $13 billion in cash on its balance sheet, would certa
inly have to dig deep to buy Xilinx. Xilinx has a market capitalization of r
oughly $6.7 billion, and shareholders would no doubt expect a premium over t
he company's current stock price of a little over $24.
Other acquisition scenarios, predictions
In other potential semiconductor acquisition scenarios, Danely speculated th
at Monolithic Power Systems Inc., Intersil Corp. and National Semiconductor
Corp. could be strategically attractive to ADI since all three have the majo
rity of their product portfolios in power management, where ADI has a limite
d presence despite investing heavily in over the past few years.
Danely also speculated that Microchip could make another bid to acquire Atme
l Corp. to supplement its microcontroller business. Although Microchip's pre
vious bid to acquire Atmel failed in February 2009, "we believe both compani
es could revisit the a deal if they can could work out an agreement on how t
o divest [Atmel's] other lines of business," Danely wrote.
In other predictions, J.P. Morgan expects Xilinx to continue to gain market
share at the expense of Altera due to Xilinx' presumed lead at 65-nm, Danely
wrote. But the firm expects Altera to gain back share in the second half of
the year thanks to its lead in the 40-nm high density category with the Str
atix IV family.
Danely also predicted that semiconductor capital expenditures in 2010 would
disappoint bulls who see a big year for equipment suppliers. "While we agree
capacity is tight, we believe the problem is mostly back -end- related," Da
nely said. "We would note back-end capacity additions do not cost as much as
front-end capacity additions."
作者：创思 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
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 英特尔想买下FPGA厂商 -- 创思 - (4811 Byte) 2010-1-16 周六, 06:19 (1251 reads)
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