Future Tech
AMD closes biggest chip acquisition with $49.8 billion purchase of Xilinx
Semiconductor designer Advanced Micro Devices Inc (AMD) said on Monday it has finalized the purchase of Xilinx Inc in the largest chip industry deal ever at $49.8 billion.
The closing of the deal comes on the heels of Nvidia Corp abandoning its plans to buy SoftBank-owned Arm Ltd citing regulatory hurdles.
AMD's deal moved ahead with all necessary approvals for the acquisition, it said.
- Reuters
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