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Thursday, April 22, 2021

Advanced Micro Device Will Buy Chip Peer Xilinx for $35 Billion

Semiconductor designer Advanced Micro Devices announced on Tuesday morning it would buy Xilinx in a $35 billion all-stock agreement, intensifying its battle with Intel in the data center chip market.

Semiconductor designer Advanced Micro Devices announced on Tuesday morning it would buy Xilinx in a $35 billion all-stock agreement, intensifying its battle with Intel in the data center chip market.

The agreement, which Advanced Micro Device expects to close at the end of the year 2021, will create a combined company with 14,000 engineers and a completely outsourced manufacturing strategy that relies on Taiwan Semiconductor Manufacturing.

According to a Business Insider report, since Chief Executive Lisa Su took over Advanced Micro Devices in the year 2014, she has focused on challenging Intel in the fast-growing business of data centers that power internet-based applications and services and are fuelling the rise of artificial intelligence and fifth-generation telecommunications networks.

“There are some areas where we’re very strong, and we will be able to accelerate some of the adoption of the Xilinx product family. And there are some areas where (Xilinx CEO) Victor (Peng) is very strong, and we believe that we’ll be able to accelerate some of the AMD products into those markets,” Su told Business Insider in an interview.

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