viewAdvanced Micro Devices, Inc.

AMD in takeover talks with Xilinx - report

The talks were reported to have resumed after a recent hiatus

Advanced Micro Devices, Inc. - AMD

Advanced Micro Devices Inc (NASDAQ:AMD) is in talks about a potential US$30bn offer for semiconductor devices specialist Xilinx Inc (NASDAQ:XLNX), according to reports.

The move, first reported by the Wall Street Journal, comes amid fierce rivalry with chipmakers Intel Corporation (NASDAQ:INTC) and NVIDIA Corporation (NASDAQ:NVDA).

Xilinx, which has collaborated with AMD in the past, specialises in making field-programmable gate arrays (FPGA), in-demand semiconductor devices, and cutting-edge adaptive compute acceleration platform (ACAP) products, which both are used in data centers, wireless communications, AI and machine learning, electric cars, aerospace and defense.

The talks were reported to have resumed after a recent hiatus, but the WSJ said a decision could come as early as next week.

"On paper, the addition of FPGA would broaden AMD’s compute portfolio," said analysts at UBS, but raised some points of caution.

Overall, their point was "if you want to run with the big players, you need to invest a lot of money - and AMD is still too small to support all of this" without a big impact on earnings.

Quick facts: Advanced Micro Devices, Inc.

Price: 73.96 USD

Market: NASDAQ
Market Cap: $89.59 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Danakali 're-energised' and focused on getting the Colluli SOP project up...

Danakali Ltd's (ASX:DNK) (OTCMKTS:SBMSF) (LON:DNK) (FRA:SO3) Seamus Cornelius caught up with Proactive's Andrew Scott soon after announcing a restructure of its board. He's confident that their unique Colluli Sulphate of Potash (SOP) Project in Eritrea, Africa, is set to become a global game...

3 hours, 17 minutes ago

2 min read