Xilinx soars 17% on report rival AMD is in talks to buy it for $30 billion

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a screen shot of a man: A Xilinx sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai Reuters


© Reuters
A Xilinx sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai Reuters

  • Chip producer Xilinx leaped as much as 17% on Friday after The Wall Street Journal reported Advanced Micro Devices is in talks to buy the firm for more than $30 billion.
  • A deal could come together as soon as next week and mark the latest major acquisition in the semiconductor industry, sources told The Journal.
  • Xilinx closed Thursday with a market cap of nearly $26 billion, making the potential takeover price an appealing prospect for shareholders.
  • Should the deal go through, it would fortify AMD’s standing in the communications technology space and help it better compete with rival firm Intel.
  • Watch Xilinx trade live here.

Chipmaker Xilinx surged as much as 17% on Friday after The Wall Street Journal reported Advanced Micro Devices is in talks to buy the firm for more than $30 billion.

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A deal could come to fruition as soon as next week and bring the latest major takeover in the semiconductor industry, according to the report. Still, there is no guarantee an agreement will be reached, and talks previously froze before a recent restart, sources told The Journal.

Xilinx closed Thursday with a market cap of nearly $26 billion, making the proposed deal an enticing proposal for its shareholders. The early Friday rally placed shares at their highest point since July 2019.

Read more: ‘A paradise for growth investors’: A Baillie Gifford fund manager overseeing almost $2 billion explains why investors are underestimating Japanese stocks — and shares his 3-part strategy for picking winners

AMD shares sank as much as 3.5%. Still, shares are up nearly 90% year-to-date as investors flood tech stocks amid virus-fueled demand.

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Trust in Science Soars Amid Global Pandemic

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New global survey shows increased confidence in science; 3M calls for renewed focus on sustainability; STEM equity and collaboration to help solve the world’s greatest challenges

If the world’s biggest challenges are to be solved, science will lead the way.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201006005430/en/

Trust in science, at 89%, is the highest it has been since 3M first commissioned the State of Science in 2018. Science appreciation has grown by double-digits, and 92% of the world is united in believing we should value and follow science to contain the spread of COVID-19. (Image credit: 3M)

That’s the takeaway from the annual 3M State of Science Index (SOSI). This year’s survey shows that the image of science is on the rise, sustainable solutions remain critical, barriers to STEM and gender/race inequality must be removed, and public/private partnerships are expected to solve issues that people care most about.

“As people face the most challenging health crisis in our lifetime, science is more relevant, more trusted, and more important to people all over the world,” said Mike Roman, chairman of the board and chief executive officer, 3M. “Advocating for science is important to 3M, but it’s bigger than just us. We’re leaning in with a focus on the things people care most about: pandemic preparedness, sustainability, social justice, and STEM equity. The State of Science Index shows that people want and expect science to make lives better and these are important issues that are at the heart of 3M’s vision to improve every life.”

Against the backdrop of COVID-19, trust in science and scientists is the highest it has been in three years since SOSI first began. Today, 89%* of those surveyed trust science; 86%* trust scientists; 77% are more likely as a result of the

Drive-thru times at fast-food chains slow by nearly 30 seconds as demand soars

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As consumers increasingly pick up their fast-food orders from the comfort of their car, average drive-thru times across 10 chains slowed down by nearly half a minute, according to an annual study conducted by SeeLevel HX.

Drive-thru lanes have always been an important feature for fast-food restaurants, but the coronavirus pandemic has heavily shifted consumer preferences in favor of the easy pick-up option, which also appears more safe to consumers. Drive-thru visits increased by 26% in April, May and June, according to data from the NPD Group. Taco Bell said that it served an additional 4.8 million cars through its drive-thru lanes during its second quarter.

The abrupt change in consumer behavior has motivated restaurant chains like Starbucks and Chipotle Mexican Grill to add more drive-thru lanes to their restaurants.

Total average drive-thru times slowed down by 29.8 seconds this year, weighed down by longer wait times, according to SeeLevel HX’s mystery shoppers. Only McDonald’s and Yum Brands’ KFC and Taco Bell chains have trimmed their times, the market research firm said. KFC topped the list for fastest drive-thru at 283.3 seconds.

Overall service times, or the time between ordering and picking up the food, was faster this year, perhaps in part due to chains slimming down menus during the pandemic to make kitchen operations easier.

In recent years, McDonald’s, Wendy’s and other chains have been upgrading their drive-thru lanes, in the hopes of cutting service times. Fast-food restaurants have also been trying to trim their menus to make orders simpler for employees. And tech-focused additions, such as digital menu boards, can steer customers toward ordering certain items and be easier to read.

According to the study, about 23% of restaurants visited by SeeLevel HX’s mystery shoppers had digital menu boards. This was the first time that the feature resulted