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1/27, 12:15 PM (Source: TeleTrader)
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China clears AMD's acquisition of Xilinx

The Chinese State Administration for Market Regulation has given on Thursday the final approval for Advanced Micro Devices Inc. to buy Xilinx Inc.

The agreement, which has a value of $35 billion, was authorized by the watchdog, asking AMD not to discriminate Chinese customers and continue delivering Xilinx products to the country. The acquisition is set to be one of the biggest deals in the global semiconductor industry.

Xilinx shares rose by 5.02% in premarket trading after the approval was known.

Baha Breaking News (BBN) / JG