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AMD said to be in advanced talks to buy Xilinx in over $30 billion deal

Advanced Micro Devices is in advanced talks to buy rival chip maker Xilinx in a deal that could be valued at more than $30 billion, the Wall Street Journal reported late Thursday, citing people familiar with the matter. 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 newspaper reported. AMD has seen a higher usage of its products recently, driven in part by an overall surge in chip demand due to a global shift to work from home, and market-share gains from larger rival Intel.

News source ~ CNBC