Bitwise operation for add

Question 1

It's like solving an ordinary base 10 addition problem 955 + 445, by first adding all the columns individually and throwing away carried 1s:

Then finding all the columns where there should be a carried 1:

Shifting this and adding it to the original result:

   390
+ 1010
------
  1400

So basically you're doing addition but ignoring all the carried 1s, and then adding in the carried ones after, as a separate step.

In base 2, XOR (^) correctly performs addition when either of the bits is a 0. When both bits are 1, it performs addition without carry, just like we did in the first step above.

x ^ y correctly adds all the bits where x and y are not both 1:

   1110111011
^  0110111101
-------------
   1000000110      (x ^ y)

x & y gives us a 1 in all the columns where both bits are a 1. These are exactly the columns where we missed a carry:

   1110111011
&  0110111101
-------------
   0110111001      (x & y)

Of course when you carry a 1 when doing addition you shift it left one place, just like when you add in base 10.

   1000000110      (x ^ y)
+ 01101110010    + (x & y) << 1
-------------
  10101111000

Question 2

x + y is not equivalent to x ^ y + (x & y) << 1

However, your expression above will evaluate to true for most values since = means assignment and non-zero values mean true. == will test for equality.

EDIT
x ^ y + ((x & y) << 1) is correct with parentheses. The AND finds where a carry would happen and the shift carries it. The XOR finds where and addition would happen with no carry. Adding the two together unifies the result.