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After much delay, AMD’s highly anticipated Xilinx (NASDAQ: XLNX) deal is expected to close out in the first few months of the year. AMD’s acquisition of Xilinx will expand its technological portfolio and grow its data center business.When will Advanced Micro Devices-Xilinx deal close?
(Reuters) - 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.What does the AMD-Xilinx merger mean for AMD?
AMD didn't expect CMA approval until the end of 2021, which means that they're about half a year ahead of their plans. The merger means that AMD and Xilinx will be able to ramp up their production.Is AMD stock stuck in its tracks?
At $88.04 as of July 14, AMD stock is actually down slightly from $91.71 (where it ended 2020). One problem is that AMD still has yet to close its $35 billion all-stock deal to buy Xilinx announced in late October. It now seems that AMD stock will remain stuck in its tracks until that deal closes.