Not sure exactly how this will effect AMD stock but it was just announced yesterday that they were going to by Xilinx for 35 B. Xilinx is a big producer of FPGA chips.
AMD is buying rival chipmaker Xilinx for $35 billion as its competition with Intel intensifies
The deal between AMD and Xilinx, two US firms, will create a company with 13,000 engineers and completely-outsourced manufacturing.
www.businessinsider.com