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real sample rate of a two channel ADC

Hi all,

lets say I have a 2 channel (I and Q) front end like the AD9863 for a communication system.

Belong the 50MSPS to each channel of the ADC so that I get 100MSPS after the data is multiplexed? Or when the clock is limited to 50MHz does each ADC work only with 25MSPS?

Thanks!