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AMD to buy chip peer Xilinx for $49 billion – iTnews
In data centre chip market push.
Semiconductor designer Advanced Micro Devices (AMD) will buy Xilinx in a US$35 billion (A$49.05 billion) all-stock deal, intensifying its battle with Intel in the data centre chip market.
The deal, which AMD expects to close at the end of 2021, will create a combined company with 13,000 engineers and a completely outsourced manufacturing strategy that relies heavily on Taiwan Semiconductor Manufacturing Co (TSMC).
The two US companies have benefited from a more nimble approach to grab market share…
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