AMD is buying rival chipmaker Xilinx for $35 billion as its competition with Intel intensifies

5:04am PDT - October 27th, 2020    amd stock - Business Insider

Summary List Placement US semiconductor designer Advanced Micro Devices (AMD) has agreed buy Xilinx, another American chipmaker, in a $35 billion all-stock deal, it said on Tuesday. The deal, which AMD expects to close at the end of 2021, would create a comb…