AMD this afternoon has sent out a brief update to the public and investors, offering an update on the status of the ongoing Xilinx acquisition. AMD’s purchase of the FPGA maker, which was previous expected to close by the end of this year, is now expected to close in the first quarter of 2022. Attributing the setback to delays in regulatory approval, AMD believes they’ll be able to finally secure the necessary approval for the $35 billion deal next quarter. As a quick refresher, AMD first announced their intention to buy Xilinx back in October of 2020. The FPGA maker was a lucrative target for AMD, whose sales (and market capitalization) have been growing by leaps and bounds over the last few years. This has...
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