AMD says it will buy Intel

ZipNada writes: In a move that feels less like a corporate transaction and more like the final punchline to a 40-year industry rivalry, AMD announced Wednesday that it has agreed to acquire Intel, the company it has spent decades chasing, imitating, undercutting, suing, licensing from, and lately outperforming.

The all-stock transaction, which AMD described as a "once-in-a-generation opportunity to unify x86 innovation," would combine the two companies under a single umbrella just a few years after such an outcome would have sounded ridiculous.

For most of modern computing history, Intel was the empire and AMD the scrappy survivor, the perpetual second source that somehow kept finding ways to stay alive. Now, after a bruising run of manufacturing delays, product stumbles, strategic resets, and a historic reversal in investor confidence, Intel is poised to be absorbed by the smaller company it long treated as a footnote.