AMD Taking on Intel in Data Centers With $35 Billion Xilinx Acquisition
Advanced Micro Devices (NASDAQ: AMD) will acquire rival Xilinx (NASDAQ: XLNX) in a $35 billion all-stock transaction that sees the chipmaker making its biggest push yet to challenge Intel (NASDAQ: INTC) in the data center market.
The deal is expected to close at the end of 2021, and though it builds on each chip company's outsourced manufacturing capabilities, a leaner strategy than that deployed by Intel, it also introduces an element of risk because both AMD and Xilinx rely heavily upon Taiwan Semiconductor Manufacturing (NYSE: TSM) for their fab needs.
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Source Fool.com
