AMD's $35 Billion Proposal to Xilinx Is Less About NVIDIA, More About Taking On Intel
Rumors recently surfaced that AMD (NASDAQ: AMD) was in advanced talks to acquire peer Xilinx (NASDAQ: XLNX). Those rumors have now been confirmed with AMD's announcement it has offered Xilinx shareholders $35 billion in an all-stock deal.
On the surface, this move may look like little more than a sideshow given rival NVIDIA's (NASDAQ: NVDA) $40 billion offer to take over SoftBank subsidiary ARM Holdings. However, Xilinx is a different animal entirely, one that will help AMD in its attempts to usurp semiconductor industry titan Intel (NASDAQ: INTC).
Image source: Getty Images.
Source Fool.com
