The purchase of Xilinx helps AMD "capture a larger share of the approximately $135 billion market opportunity we see across cloud, edge and intelligent devices,” said AMD CEO Lisa Su in a statement. The transaction comes as AMD intensifies its battle with Intel Corp in the data center chip market.

Foreign ministers of India, Australia, Japan and US met in Melbourne and discussed further cooperation in critical technologies, the Quad vaccine partnership, climate change, infrastructure, space, cyber security and education. The four nations pledged to deepen cooperation to ensure the Indo-Pacific was free from coercion, a reference to China's economic and military expansion.

US-based fitness company Peloton Interactive, which saw its sales and subscribers vault during the height of COVID-19 in 2020, is passing through turbulence. Its CEO is being replaced, staff retrenched, and expansion plans cut. Even the possibility of sale of the business is being weighed. All this, because the demand for Peloton's products fell as gyms reopened, the company took some wrong steps, and received bad press.

The COMPETES Act sets out to reduce American dependence of China for critical tech like semiconductors and expedite the entry of global tech talent, entrepreneurs and startup owners into the US.