PALO ALTO, U.S. -- Advanced Micro Devices said Tuesday that it has agreed to acquire Xilinx in an all-stock deal valued at $35 billion, the latest big tie-up in the rapidly consolidating semiconductor industry.
The deal, expected to close by the end of next year, marks AMD's largest acquisition to date. It would create a combined company with 13,000 engineers and more than $2.7 billion in annual research and development spending, AMD said.
