Chip company Advanced Micro Devices’ $35 billion (about Rs 2,60,025 crore) all-stock deal for peer Xilinx is now expected to close in the first quarter of 2022, delayed from a previous target of late 2021, the companies said. said on Thursday.
“While we had previously hoped to have all approvals by the end of 2021, we have not yet completed the process,” the companies said in a statement.
shares of amd There was a slight increase in business after the bell, while zilinux fell 3.6 percent.
amd deal announced In October, intensified his fight with the main rival Intel in the data center chip market.
Amid US-China tensions, chip deals face approval challenges from Chinese regulators, known for their lengthy and sometimes opaque antitrust reviews.
“Our negotiations with regulators are proceeding productively, and we look forward to obtaining all necessary approvals,” the companies said.
chip designing peer NVIDIA The UK-based chip firm is struggling to get regulatory approval for its deal for ARM, with the US Federal Trade Commission earlier this month suing to block the deal over competition concerns.
© Thomson Reuters 2021
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