Advanced Micro Devices Inc. (AMD) is in advanced talks to buy rival chip Xilinx Inc. (XLNX) in a deal that could be valued at more than $30 billion, the Wall Street Journal reported citing people familiar with the matter.
The deal could be announced as soon as next week. But, there is no guarantee they will get there, especially given that the talks had stalled before recently restarting, the report said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.