October 9, 2020 | technology | No Comments
Advanced Micro Devices (AMD) is in late-stage talks geared toward acquiring rival processor giant Xilinx, reports suggest.
According to the Wall Street Journal, the discussion, now in “advanced” stages, could be valued at over $30 billion.
The publication reported on Thursday that an agreement could be finalized as early as next week.
However, sources close to the matter added that discussions had previously “stalled” before restarting, and so there is no concrete guarantee that an acquisition bid would be accepted or go ahead at all.
See also: AMD unveils Ryzen 5000 processors, including ‘the world’s best gaming CPU’
Over this year, AMD has launched a variety of new processors including the AMD Radeon Pro 5000 gaming processors, Ryzen & Ryzen Pro 4000G, and the enterprise Epyc 7Fx2 series.
The company has enjoyed a surge in share price over the past 12 months, rising from roughly $28 in October 2019 to