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ADVANCED MICRO DEVICES, INC.

(AMD)
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Advanced Micro Devices : AMD wins EU antitrust nod for $35 billion Xilinx acquisition

07/01/2021 | 07:40am EDT
FILE PHOTO: A chip of Xilinx is displayed through a magnifying glass during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai

BRUSSELS (Reuters) - Semiconductor designer Advanced Micro Devices Inc (AMD) has secured unconditional EU antitrust approval for its $35 billion bid for Xilinx Inc.

AMD announced the deal in October last year, intensifying its battle with chief rival Intel Corp in the data center chip market.

The European Commission said it had not found any issues after a preliminary review.

"The proposed transaction would raise no competition concerns in the European Economic Area given the absence of horizontal overlaps and vertical relationships between the activities of the companies," the EU competition enforcer said.

It said the merged company would not have the incentive to foreclose rival providers of central processing units (CPUs) and graphics processing units (GPUs) and the presence of alternative suppliers.

(Reporting by Foo Yun Chee;Editing by Elaine Hardcastle)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED MICRO DEVICES, INC. -0.81% 104.9102 Delayed Quote.15.36%
XILINX, INC. 0.34% 157.32 Delayed Quote.10.91%
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Financials (USD)
Sales 2021 15 679 M - -
Net income 2021 2 795 M - -
Net cash 2021 4 477 M - -
P/E ratio 2021 46,7x
Yield 2021 0,16%
Capitalization 128 B 128 B -
EV / Sales 2021 7,90x
EV / Sales 2022 6,68x
Nbr of Employees 12 600
Free-Float 98,8%
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Advanced Micro Devices, Inc. Technical Analysis Chart | AMD | US0079031078 | MarketScreener
Technical analysis trends ADVANCED MICRO DEVICES, INC.
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Mean consensus OUTPERFORM
Number of Analysts 38
Last Close Price 105,80 $
Average target price 112,83 $
Spread / Average Target 6,64%
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Managers and Directors
Lisa T. Su President, CEO & Non-Independent Director
Devinder Kumar Chief Financial Officer, Treasurer & Executive VP
John Edward Caldwell Chairman
Mark D. Papermaster CTO, Executive VP-Technology & Engineering
Keivan Keshvari Senior Vice President-Global Operations
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