By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Semiconductor designer Advanced Micro Devices Inc (AMD) said on Monday it has finalized the purchase of Xilinx Inc in a record chip industry deal valued at about $50 billion, giving it an extra edge in the key data center market. The closing of the deal comes on the heels of Nvidia Corp’s decision to abandon its plans to buy SoftBank-owned Arm Ltd, citing regulatory hurdles. AMD’s transaction moved ahead with all necessary approvals for the acquisition, it said. AMD Chief Executive Officer Lisa Su told Reuters that, between AMD’s processor technol…