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Business deals

AMD to acquire rival chipmaker Xilinx for $35bn

Deal to escalate battle for data center market, long dominated by Intel

A Xilinx sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai.   © Reuters

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.

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