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AMD announced Tuesday that it is acquiring fellow chip-giant Xilinx. The all-stock deal values the company at $35 billion.
The deal, which has been rumored for a few weeks, significantly broadens AMD's product lineup, with Xilinx's major presence in the telecommunications' FPGA market particularly attractive as 5G rollouts continue. And it cements 2020 as a year of semiconductor consolidation, following Nvidia's proposed Arm acquistion and the Analog Devices-Maxim tie up.