AMD closes biggest chip acquisition with $49.8 billion purchase of Xilinx By Reuters

(Reuters) – Semiconductor designer Advanced Micro Devices Inc (NASDAQ:) said on Monday it has finalized the purchase of Xilinx Inc (NASDAQ:) in the largest chip industry deal ever at $49.8 billion.

The closing of the deal comes on the heels of Nvidia (NASDAQ:) Corp abandoning its plans to buy SoftBank-owned Arm Ltd citing regulatory hurdles.

AMD’s deal moved ahead with all necessary approvals for the acquisition, it said.

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