AMD closes biggest chip acquisition with $49.8 billion purchase of Xilinx By Reuters

© Reuters. FILE PHOTO: Staff members stand at a Xilinx Inc booth at the Mobile World Congress (MWC) in Shanghai,price foreign exchange custody China February 23, 2021. REUTERS/Aly Song/File Photo

(Reuters) - Semiconductor designer Advanced Micro Devices Inc (NASDAQ:AMD) said on Monday it has finalized the purchase of Xilinx Inc (NASDAQ:XLNX) in the largest chip industry deal ever at $49.8 billion.

The closing of the deal comes on the heels of Nvidia (NASDAQ:NVDA) Corp abandoning its plans to buy SoftBank-owned Arm Ltd citing regulatory hurdles.

AMD's deal moved ahead with all necessary approvals for the acquisition, it said.

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