Analog Devices in talks to buy Empower Semiconductor for $1.5 billion: Bloomberg News

US chipmaker Analog Devices is in advanced talks to acquire artificial intelligence chip company Empower Semiconductor for about $1.5 billion in cash, Bloomberg News reported on Monday, citing people ‌familiar with ⁠the ⁠matter.

Here are a few details:

Empower Semiconductor is a Silicon Valley-based power management chip company that manufactures voltage-regulating chips for AI processors and data centers, according to the company website.


The deal comes ⁠amid a ‌surge in investment in data center infrastructure for generative AI ⁠workloads.

A deal could be announced as ​soon as Tuesday, according to ​the Bloomberg report.

Reuters could not immediately verify the report. Analog Devices and Empower Semiconductor did not immediately respond to a request for comment.

‌Wilmington, Massachusetts-based Analog Devices provides semiconductors to businesses in a variety ​of ​industries, including ⁠aerospace, automotive, and communications.

Analog Devices in February forecast second-quarter results above Wall Street estimates, ​driven by robust demand for its semiconductors.

Shares of Analog Devices have climbed more than 50% so far this year.