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(Bloomberg) — Advanced Micro Devices Inc. is in advanced discussions to buy Xilinx Inc. in a takeover that could be valued at $30 billion, according to people familiar with the matter.
The deal could come together as early as next week, though things remain in flux, the people said, asking not to be identified discussing a private deal. The Wall Street Journal first reported on the negotiations.
A combination with Xilinx would give AMD Chief Executive Officer Lisa Su more of the pieces needed to break Intel Corp.’s stranglehold on the profitable market for data-center computer components. It would follow moves by rival Nvidia Corp., which bought Mellanox Technologies Ltd. and aims to use its pending acquisition of Arm Ltd. to grab more of that business.
Acquiring Xilinx, which makes programmable chips for wireless networks, would also help AMD expand into a new market just as telecommunications carriers
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Shares in SMIC, China’s biggest chipmaker, fell on Monday on fears that it could lose access to key US technology.
© Imaginechina via AP Images
People visit the stand of Semiconductor Manufacturing International Corporation (SMIC) during an exhibition in Shanghai, China, 14 March 2018. (Imaginechina via AP Images)
The Financial Times reported this weekend that the US Commerce Department has sent a letter to companies warning of an “unacceptable risk” that exports to Semiconductor Manufacturing International Corporation could be used for military purposes.
It’s not entirely clear whether that letter means that official restrictions on SMIC have gone into effect. The FT reported that the firm had been “hit by US sanctions.” Reuters similarly reported that the US is tightening controls on exports to SMIC, citing the letter.
But the US Commerce Department has not yet added the Chinese firm to its Entity List, which would require US companies
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- The U.S. government has reportedly imposed restrictions that require suppliers to get an export license to sell certain equipment to China’s biggest chipmaker SMIC.
- The move threatens to hit at the heart of China’s plans to boost its domestic semiconductor industry, a need that has been accelerated by the trade war with the U.S.
- SMIC is seen as a critical part of China’s ambitions and the commerce department’s sanctions could hold back the company’s development for several years.
© Provided by CNBC
A close up image of a CPU socket and motherboard laying on the table.
GUANGZHOU, China — The U.S. government has reportedly imposed restrictions on exports to SMIC, China’s biggest chip manufacturer, a move that threatens Beijing’s push to become more self-reliant in one of the most critical areas of technology.
Suppliers for certain equipment to SMIC will need to apply for an export license, according
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US wariness of Chinese tech firms was underlined again Friday, when the Commerce Department sent a letter to companies in the states reportedly telling them they must get a license before exporting certain goods to China’s largest chipmaker, because of concerns about military use of technology.
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The Beijing branch of Semiconductor Manufacturing International Corporation. Su Weizhong/Getty Images
The Commerce Department said in the letter that exports to Semiconductor Manufacturing International Corporation “may pose an unacceptable risk of diversion to a military end use in the People’s Republic of China,” according to a Saturday report by The New York Times.
Last year, the US placed restrictions on companies selling gear to Chinese telecommunications giant Huawei , over concerns about Huawei’s relationship with the Chinese government and fears that its equipment could be used to spy on other countries and companies.
And popular video app TikTok,
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The US Commerce Department has added China’s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), to its entity list, after it determined there an “unacceptable risk” that equipment SMIC received could be used for military purposes, Reuters reported.
The move blocks US computer chip companies from exporting technology to SMIC without an export license. SMIC is the latest major Chinese firm to be put on the entity list; the Trump administration added phone manufacturer Huawei to the list in 2019.
According to The Wall Street Journal, the Commerce Department wrote in a letter to the computer chip industry on Friday that exporting products to SMIC would “pose an unacceptable risk of diversion to a military end use in the People’s Republic of China.”
In April, the administration tightened export rules on shipping goods to China. It claims it’s seeking to keep US companies from selling products that could be used