Advanced Micro Devices Inc. plans to buy rival chip maker Xilinx Inc. in a $35 billion deal, adding momentum to the consolidation of the semiconductor industry that has only accelerated during the pandemic.

AMD and Xilinx on Tuesday said the companies reached an all-stock deal that would significantly expand their product range and markets and deliver a financial boost immediately on closing. The Wall Street Journal previously reported the two were close to an agreement.

Source: https://www.wsj.com/articles/amd-agrees-to-buy-rival-chip-maker-xilinx-for-35-billion-11603794663

Advanced Micro Devices, Xilinx, Intel, Stock

World news – US – AMD Agrees to Buy Rival Chip Maker Xilinx for $35 Billion

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