AMD's US$35 bln deal for Xilinx now expected to close in 2022

Shares of AMD were marginally up in trading after the bell, while those of Xilinx fell 3.6%.

NEW YORK: Chip company Advanced Micro Devices Inc's US$35 billion all-stock deal for peer Xilinx 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.