AMD Taking on Intel on a New Front With Purchase of Chip Designer Xilinx

With NVIDIA (NASDAQ: NVDA) working on its industry-redefining acquisition of chip-design licensor ARM Holdings for $40 billion, peer AMD (NASDAQ: AMD) is reportedly trying to make waves of its own. Long the underdog, AMD is flying high this year on gains in semiconductor market share, and is now said to be in advanced talks to purchase smaller peer Xilinx (NASDAQ: XLNX) for over $30 billion.

Image source: Getty Images.

AMD's success this year comes primarily from its processor business for everything from PCs and laptops to data centers. Its next-gen hardware has helped it make inroads into Intel's (NASDAQ: INTC) massive empire, since the world's largest chip company (as measured by revenue) has fallen behind technologically as of late.

Source Fool.com