AMD shares sink and Xilinx soar after rumors of advanced merger talks
The shares of Advanced Micro Devices Inc. AMD , sank 5.2% in Friday’s pre-market,
while Xilinx Inc . XLNX, up 17% after the Wall Street Journal reported that AMD was in advanced negotiations to buy rival chip maker Xilinx in a business valued at more than $ 30 billion.
At the close of Thursday, the company had a market capitalization of $ 25.89 billion, while AMD’s market capitalization was $ 101.57 billion.
Xilinx, Inc. is the world’s leading supplier of programmable logic devices, being the first FPGA inventor and the first semiconductor company to specialize in hardware manufacturing. Founded in Silicon Valley in 1984 and headquartered in San Jose, California, USA
Advanced Micro Devices, Inc. is a North American manufacturer of integrated circuits, especially processors and video cards. Its products compete directly with processors manufactured by Intel.
