AMD is planning to buy Xilinx according to Wall Street Journal

October 10, 2020 -- Xilinx stock leaped as much as 17% on Friday after The Wall Street Journal reported Advanced Micro Devices is in talks to buy the firm for more than $30 billion.

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 two companies are very different -  AMD is a leading maker of central-processing units (CPUs) and graphics processors, which are used for some of the hottest growth markets and aimed at both consumers and companies. In contrast, Xilinx makes FPGAs that can be reprogrammed and are primarily used for industrial and defense applications.

AMD’s sales rose 26% in its June quarter from a year earlier; revenue at Xilinx revenue fell 14% in the same period. AMD’s shares were the No. 1 performers in the S&P 500 Index in each of the last two years and are up more than 80% again this year, while Xilinx stock has lagged largely due to Trump's trade war with China where he has banned Xilinx to sell chips to one of its major customer - Huawei. 


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