Xilinx is in buyout talks with AMD.

AMD Is in Talks to Buy rival chipmaker, Xilinx.

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Advanced Micro Devices (AMD), is in advanced talks to buy rival Chipmaker, Xilinx inc, According to the Wall Street Journal. AMD stock price has soared over 89% year due to increased demand for gaming equipment, and so they are using their $100 billion market cap toward picking up their competitor, and rival chipmaker, XLNX 

As of Friday, at 2:28 PM, XLNX is up 14.86 points, to $120.85. Xilinx is a computer company Xilinx, Inc. is a US-based computing manufacturer that develops highly flexible and adaptive processing platforms. The company invented the field-programmable gate array, programmable system-on-chips, and the adaptive compute acceleration platform. 

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For AMD, this is a big win and helps take away some competition. The move further establishes two empires between Nvidia and AMD.

While the move sent XLNX stock price soaring, AMD was down 3.94% as of October 9, 2:33 PM. While in the long run, this could be good for AMD stock because less competition means more of the market share.

Xilinx Stock:

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