Chinese regulator authorizes Advanced Micro Devices Inc. to acquire Xilinx Inc for $35 billion, according to a report by Bloomberg on Thursday.

  • The State Administration for Market Regulation approved the deal with certain conditions. The antitrust regulator demanded that AMD should not discriminate against Chinese customers and continue supplying Xilinx’s products to the country.
  • The acquisition had already been approved by regulators in the United States, Europe, and the UK, among other countries.
  • Xilinx’s shares expanded more than 6% in pre-market trading in New York as AMD increased slightly.
  • The US chip manufacturer disclosed the deal in 2020. Chief Executive Officer Lisa Su’s deal was targeted to help AMD re-double its efforts to challenge rival Intel for the lead in chips.

Acquiring Xilinx will take AMD into segments such as automotive and communications networking while boosting its offerings in the lucrative industry for cloud data center units. XLNX up +6.52%, AMD down -0.51%, Pre-market trading