Analog Devices to buy Alif Semiconductor for $1.35 billion

Analog Devices will acquire privately ​held Alif ​Semiconductor for $1.35 billion in cash, ​the companies said on Wednesday, expanding ADI's on-device capabilities as AI applications increasingly move into ‌physical systems.

The acquisition ⁠would ⁠combine ADI's sensing, signal-processing and power-management technologies ​with Alif's AI processors, allowing customers to build systems ​that can analyse and respond in real time.

Here are some more details:


Pleasanton, California-based Alif ⁠develops low-power processors ‌that combine AI computing, ​data ​from sensors, connectivity and security ⁠functions for consumer and industrial applications.

Under ​the agreement, analog chipmaker ADI ​will pay Alif $1.35 billion upfront and could make additional contingent payments of up to $200 million.

Alif's chips are already shipping and ‌have secured customers in the consumer and industrial sectors.

PJT Partners ​and ​Qatalyst Partners ⁠are financially advising ADI and Alif on the deal, respectively.

Last month, Wilmington, Massachusetts-based ​ADI forecast fourth-quarter revenue and profit above Wall Street estimates, after reporting a 40 per cent rise in its third-quarter revenue.