Texas Instruments Eyes $7 Billion Acquisition of Silicon Laboratories
Texas Instruments is in advanced talks to acquire Silicon Laboratories for approximately $7 billion. Silicon Labs shares surged 34% following the news. The potential deal aligns with the growing demand for chipmakers to support advanced technology infrastructure. However, details remain unclear, and negotiations could still collapse.
Texas Instruments is reportedly in advanced negotiations to acquire the chip designer Silicon Laboratories for about $7 billion, according to a source familiar with the matter.
Following the report by the Financial Times, Silicon Laboratories' shares skyrocketed by approximately 34% in extended trading, even as Texas Instruments shares experienced a 2.4% dip. Neither company responded to Reuters' request for comment.
This potential merger comes amid increased demand for semiconductors, as tech firms expand their computing capabilities for AI advancements. However, the precise terms remain undisclosed, and the outcome is uncertain.
Advertisement
Google News