The proposed combination will bring together portfolios of products, including field programmable gate arrays, central processing units, adaptive SoCs and graphic processing units, and explore growth opportunities in aerospace and defense, communications, industrial and data centers, among other segments, the companies said in a joint statement published Wednesday.
In October, AMD struck an all-stock deal for Xilinx to expand its data center business and portfolio of technology products and strengthen its position in the high performance computing market.
The companies expect the transaction to close by the end of 2021, pending regulatory approvals and other customary closing conditions.
Textron plans to separate its industrial segment from its aerospace and defense businesses. The Providence, Rhode Island-headquartered firm said Thursday…
OSIbeyond has introduced a compliance-as-a-service, or CaaS, offering designed to help defense contractors secure and maintain Cybersecurity Maturity Model Certification.…
Raytheon, an RTX business, has received a $206.2 million contract from the U.S. Navy to integrate advanced Global Positioning System capabilities into…
