News Snapshot:
Chip company Advanced Micro Devices Inc’s (AMD.O) $35 billion all-stock deal for peer Xilinx (XLNX.O) is now expected to close in the first quarter of 2022, delayed from a previous target of end-2021, the companies said on Thursday. “While we had previously expected that we would secure all approvals by the end of 2021, we have not yet completed the process,” the companies said in a statement. Shares of AMD were marginally up in trading after the bell, while those of Xilinx fell 3.6 per cent. AMD announced the deal in October, intensifying its battle with chief rival Intel Corp...
