Friday, November 1, 2024

AMD closes biggest chip acquisition with $49.8 bln purchase of Xilinx

Advanced Micro Devices Inc (AMD)(AMD.O) announced on Monday that it had completed the $49.8 billion acquisition of Xilinx Inc (XLNX.O) in the largest semiconductor industry deal ever.

The deal’s completion follows Nvidia Corp’s (NVDA.O) decision to cancel its plans to buy SoftBank-owned (9984.T) Arm Ltd, citing regulatory concerns.

 

AMD’s acquisition has received all essential approvals, according to the company.

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