Home / World News / AMD agrees to buy rival Xilinx in $35-billion deal to take on Intel

AMD agrees to buy rival Xilinx in $35-billion deal to take on Intel

Deal will broaden AMD's business into chips for 5G market, automotive electronics

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AMD CEO Lisa Su (pictured) took the helm in 2014 and her focus has been on taking on Intel in the fast-growing business of data centers

Stephen Nellis & Munsif Vengattil | Reuters San Francisco | Bengaluru

2 min read Last Updated : Oct 28 2020 | 1:13 AM IST

Semiconductor designer Advanced Micro Devices (AMD) on Tuesday said it has agreed buy Xilinx in a $35 billion all-stock deal that will intensify its battle with Intel Corp in the data center chip market.

The deal, which AMD expects to close at the end of 2021, would create a combined firm with 13,000 engineers and a completely outsourced manufacturing strategy that relies heavily on Taiwan Semiconductor Manufacturing Co Ltd (TSMC).

Deal will broaden AMD's business into chips for 5G market, automotive electronics The two US firms have benefited from a more nimble approach to grab market share from Intel, which

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