China Conditionally Approves AMD-Xilinx Deal: Report

January 27, 2022 6:22 AM | 1 min read | Make a Comment

China's market regulator conditionally approved Advanced Micro Devices Inc's AMD $35 billion all-stock deal for peer Xilinx Inc XLNX, Reuters reports.
Related Content: AMD, Xilinx Stockholders Approve Acquisition
In December, the companies stated that conversations with regulators continue to progress productively and expect to secure all required approvals.
Xilinx manufactures programmable chips for data centers, telecom including 5G networks, the automotive sector, and the aerospace industry.
Price Action: XLNX shares traded higher by 4.79% at $183.78 in the premarket session on the last check Thursday.

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