The Silicon Labs name, a fixture on Austin’s downtown skyline for two decades, will soon be replaced.

Dallas-based Texas Instruments said it plans to retain the company’s two 200,000-square-foot office towers along West Cesar Chavez Street and keep many of its roughly 500 employees in place after its $7.5 billion acquisition of the Austin chipmaker closes next year. The downtown headquarters will be rebranded as a Texas Instruments corporate office.

Plans for Silicon Labs’ buildings and workforce were not detailed when the deal was announced a week ago. But Texas Instruments said a big part of the appeal was Silicon Labs’ engineering team. It reiterated that this week.

“We value Silicon Labs’ engineering expertise and look forward to welcoming their team to TI,” a Texas Instruments spokesperson said in statement. “There are no plans to relocate Austin employees following the close of the transaction and we look forward to expanding our presence in Austin.” 

The companies’ announcement of the deal did not make clear the future of Silicon Labs CEO Matt Johnson, either, though he appeared at the company’s investor meeting last week, calling the acquisition a “great opportunity.”

“(I) truly believe TI is the ideal partner to accelerate Silicon Labs’ growth,” Johnson told investors. “It’s an honor to be combining Silicon Labs with a partner with such a storied place in our industry and I’d like to thank the entire Silicon Labs team for the sustained execution and dedication that made today’s announcement possible.”

On Tuesday, a Silicon Labs spokesperson said the company will continue normal operations until the transaction closes in the first half of 2027, pending regulatory approvals.

“Silicon Labs’ management team is staying in place as the integration proceeds to ensure continuity through integration and continue to deliver on Silicon Labs’ commitments,” the spokesperson said in a statement.

Founded in 1996, Silicon Labs is a fabless chipmaker, meaning it designs but outsources manufacturing of its semiconductors. The company specializes in and has become an industry leader in wireless connectivity and connected devices. 

It bought the two downtown office buildings along Lady Bird Lake in 2006. At the time, the company was still growing and initially struggled to fill the space. As demand for semiconductor-powered connected devices surged, Silicon Labs expanded and eventually filled both towers.