Oct 8 (Reuters) - Advanced Micro Devices Inc is in
advanced talks to buy rival chip maker Xilinx Inc in a
deal that could be valued at more than $30 billion, the Wall
Street Journal reported late Thursday, citing people familiar
with the matter.
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 newspaper reported https://on.wsj.com/3nzC4n1.
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
A spokeswoman for Xilinx declined to Reuters request for
comment, while AMD did not immediately respond.
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.
(Reporting by Rebekah Mathew and Rama Venkat in Bengaluru,
Editing by Sherry Jacob-Phillips)