Published by
Reuters UK
Reuters UK
By Jane Lanhee Lee (Reuters) -Semiconductor designer Advanced Micro Devices Inc (AMD) said on Monday it has finalized the purchase of Xilinx Inc in a record chip industry deal valued at about $50 billion. The closing of the deal comes on the heels of Nvidia Corp abandoning its plans to buy SoftBank-owned Arm Ltd, citing regulatory hurdles. AMD’s transaction moved ahead with all necessary approvals for the acquisition, it said. The deal, announced in October 2020, was originally valued at $35 billion, but the rise of AMD stock has pushed up the price tag, according to AMD. The purchase of Xilin…