Surprise Purchase Decision From Chip Manufacturer AMD!

Surprise Purchase Decision From Chip Manufacturer AMD! A surprise purchase decision came from the chip manufacturer AMD, which gained record value during the epidemic period. AMD started negotiations with its rival Xillinx to buy the company. According to information obtained from sources knowledgeable on the subject, Advanced Micro Devices (AMD) negotiates the purchase rival chip manufacturer Xilinx Inc. This deal could cost more than $ 30 billion. However, it could register as the largest acquisition in the increasingly consolidated semiconductor industry. According to sources, companies are holding talks on the deal, which will be clarified next week at the earliest. However, it is not yet clear that companies can reach an agreement. Likewise, the conversations had been stuck before and started again. After the epidemic increased the demand for computers, game consoles and other electronic devices using chips, the company's shares gained 89 percent. The market value of the US-based chip maker AMD had exceeded $ 100 billion. Second quarter profit increased by 16 percent to $ 1.93 billion, while the company's net income increased more than four times to $ 157 million, with the record on laptop and server processor sales. Along with the gain in AMD shares, the company can use it as a currency to buy shares. The market value of Xilinx is around $ 26 billion and its shares gained 9 percent in 2020.