Chipmaker Xilinx stock surges over 16%

Friday, 09. October 2020 13:03

Shares of American chipmaker Xilinx surged by more than 16% on Friday after the reports that US multinational semiconductor company Advanced Micro Devices Inc. is in talks to buy the company.

A deal could be worth over $30 billion, Wall Street Journal reported on Friday and added that it could be done already next week.

After the report, Xilinx stock jumped by 16.80% to $159.99 at 6:57 am ET in premarket trading. AMD stock went down 5.50% at the same time.

Related Links: Xilinx Inc.Advanced Micro Devices Inc.
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