© Reuters. FILE PHOTO: Staff members stand at a Xilinx Inc booth at the Mobile World Congress (MWC) in Shanghai, China February 23, 2021. REUTERS/Aly Song/File Photo
(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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