Computer processor designer Advanced Micro Devices Inc (AMD) will step up competition with its main rival Intel Corp in the industry by acquiring its rival Xilinx for a $ 35 billion valuation.
According to AMD today, a chip design company employing 13,000 engineers will be formed after the deal, which is expected to be completed by the end of 2021, under the stock exchange method.
With almost no manufacturing capabilities, the company will depend heavily on Taiwan Semiconductor Manufacturing Co Ltd (TSMC) for manufacturing.
Lisa Su, CEO of AMD, has competed with Intel in the fast-growing field of data centers since taking over the company in 2014. The fifth generation mobile data network infrastructure with the increasing prevalence of artificial intelligence is consisting of Internet-based applications running in data centers. Xilinx manufactures special chips for data centers. (REUTERS)