[GameSpot] - AMD Buys Rival Chip Maker Xilinx For $35 Billion

[343iBot]

Advanced Micro Devices, better known as AMD, has announced the acquisition of Xilinx, a rival chip maker in a huge, all-stock deal worth $35 billion. This follows a previous report that such a purchase could be in the works, and it comes just a day before AMD is set to announce its new range of Big Navi GPUs, and weeks before the launch of the new AMD-equipped next-gen consoles.

In a press release, AMD and Xilinx say this move establishes "the industry's leading high-performance computing company," though the deal is still pending regulatory approval. The Wall Street Journal notes this comes amid a series of major transactions in the semiconductor business. Just recently, Nvidia purchased Arm Holdings for $40 billion.

"Our acquisition of Xilinx marks the next leg in our journey to establish AMD as the industry's high performance computing leader and partner of choice for the largest and most important technology companies in the world," AMD president and CEO Dr. Lisa Su said in a press release.

Continue Reading at GameSpot

View the full article