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.
Does anyone remember IBM Cyrix?
Winnow = winning minnow? 😂
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Inside the heated debate over TikTok rival Triller's user count - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
An inside look at the app that's like Duolingo for disaster prep - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Xilinx soars 17% on report rival AMD is in talks to buy it for $30 billion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. +12.5% XLNX (Xilinx $119.51, +13.27) -- Advanced Micro Devices in advanced talks to acquire - WSJ
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Nassim Nicholas Taleb to speak at the Business Insider Global Trends Festival 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »
Investor Dan Loeb urges Disney to stop paying dividends, use funds to grow Disney+ - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »