AMD is reportedly in talks to acquire Xilinx for about $30 billion, according to the Wall Street Journal. The report sent Xilinx shares rallying 13% in Friday trades, while AMD's stock slipped about 4%.
The reported deal highlights AMD's growing ambitions in a fast-changing semiconductor market, where it faces bigger rivals, led by Intel and Nvidia, analysts say. Now, AMD's reported bid to buy Xilinx for more than $30 billion suggests that the Silicon Valley company is aiming to become a bigger, more dominant player in a fast-changing industry. The reported deal price would represent roughly a 20% premium on the company's valuation. . AMD could not immediately be reached for comment. A Xilinx spokesperson said the company "does not comment on rumors and speculation.
Buying Xilinx would give AMD access to technology that would allow it to make more powerful data center processors, the market where it has long been a fierce, but consistently smaller competitor to Intel. That rivalry has swung in AMD's favor recently amid Intel's serious production missteps.
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