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AMD closes biggest chip acquisition with $49.8 billion purchase of Xilinx -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO : Employees stand at a Xilinx Inc table at the Mobile World Congress in Shanghai, China on February 23, 2021. REUTERS/Aly SONG/File photo

(Reuters] – Semiconductor manufacturer Advanced Micro Devices Inc. (NASDAQ:) stated Monday it completed its purchase Xilinx Inc (NASDAQ:) The largest ever chip industry deal at $49.8 Billion.

Nvidia Corp (NASDAQ:) has announced that it will close the transaction following the abandonment of its plan to purchase SoftBank-owned Arm Ltd. This was due to regulatory obstacles.

It said that AMD had received all required approvals to proceed with the deal.

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