AMD Purchases Xilinx for Estimated $50 Billion in Record Chip Industry Deal
Semiconductor designer Advanced Micro Devices (AMD) said on Monday it has finalised the purchase of Xilinx in a record chip industry deal valued at about $50 billion (roughly Rs. 3,78,145 crore), giving it an extra edge in the key data center market.The closing of the deal comes on the heels of Nvidia's decision to abandon its plans to buy SoftBank-owned Arm, citing regulatory hurdles.AMD's transaction moved ahead with all necessary approvals for the acquisition, it said.AMD Chief Executive Officer Lisa Su told Reuters…