Benzinga | Jan 27, 2022 06:22AM EST

China Conditionally Approves AMD-Xilinx Deal: Report

* China's market regulator conditionally approved Advanced Micro Devices Inc's (NASDAQ:AMD) $35 billion all-stock deal for peer Xilinx Inc (NASDAQ:XLNX), Reuters reports.

* Related Content: AMD, Xilinx Stockholders Approve Acquisition

* In December, the companies stated that conversations with regulators continue to progress productively and expect to secure all required approvals.

* Xilinx manufactures programmable chips for data centers, telecom including 5G networks, the automotive sector, and the aerospace industry.

* Price Action: XLNX shares traded higher by 4.79% at $183.78 in the premarket session on the last check Thursday.