Chip company Advanced Micro Devices Inc’s $35 billion all-stock deal for peer Xilinx is now expected to close in the first quarter of 2022, delayed from a previous target of end-2021, the companies said on Thursday.
Shares of AMD were marginally up in trading after the bell, while those of Xilinx fell 3.6%.
Chip designing peer Nvidia Corp has been struggling with getting regulatory approval for its deal for UK-based chip firm ARM Ltd, with the U.S. Federal Trade Commission earlier this month suing to block the deal over competition concerns.
Read more/Source: Reuters
