AMD In Advanced Talks To Buy Xilinx
According to The Wall Street Journal, AMD is in advanced talks to buy rival chip maker Xilinx Inc. for more than $30 billion. Slashdot reader Jerrry writes: "Looks like further consolidation in the chip industry is in order if this merger goes through..." CNBC reports: A deal, which could mark the latest big tie-up in the rapidly consolidating semiconductor industry, can come together as soon as next week, [The Wall Street Journal reported]. AMD has seen a higher usage of its products recently, driven in part by an overall surge in chip demand due to a global shift to work from home, and market-share gains from larger rival Intel. San Jose, California-based Xilinx makes programmable chips used in data centers to speed up tasks such as artificial intelligence work and in 5G telecommunications base stations. The company's business suffered a setback last year when key customer Huawei Technologies Ltd was blacklisted by U.S. officials, preventing it from buying chips from U.S. companies. Government officials have since added other China-based companies, including some Xilinx customers, to the list.
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