Computer chip company AMD said the acquisition of fabless semiconductor company Xilinx will double its presence in India. AMD has acquired Xilinx for USD 35 billion, which is the biggest acquisition deal in the semiconductor segment.

"It is a momentous occasion for AMD as we close the acquisition of Xilinx today, establishing ourselves as the industry's high-performance and adaptive computing leader. Outside North America, Xilinx has its largest employee presence in Hyderabad, doubling AMD's presence in India," AMD India Country Head Jaya Jagadish said in a statement.

He added that he looks forward to working with the Xilinx team to expand AMD's product portfolio into adaptive computing solutions to accelerate an even more diverse set of emerging and evolving workloads.

Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company that develops computer processors and related technologies for business and consumer markets.The acquisition expands AMD's total addressable market to USD 135 billion from USD 80 billion.