AMD to Buy National Semiconductor Unit
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Advanced Micro Devices Inc., Intel Corp.’s biggest rival in computer processors, agreed to buy a National Semiconductor Corp. unit that makes chips for television set-top boxes and hand-held computers.
Financial terms were not disclosed.
National Semiconductor, based in Santa Clara, Calif., said in February it wanted to sell the unit to focus on higher-margin businesses.
Shares of Sunnyvale, Calif.-based Advanced Micro fell 1 cent to $7.26, and National Semiconductor rose 44 cents to $22.97, both on the NYSE.
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