Shares of Chip maker Xilinx, Inc.(XLNX) are up more than 13% Friday morning on the news of Advanced Micro Devices in talks with Xilinx to buy the company.
The stock touched a new high of $123.78 this morning.
According to Wall Street Journal report on Thursday, Advanced Micro Devices is in advanced talks with Xilinx to acquire the company in a deal worth more than $30 billion.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.