TEXAS \u2014 Texas Instruments has agreed to acquire Austin-based Silicon Laboratories for a cash transaction that is expected to be worth $7.5 billion, according to a joint press release from both companies.<\/p>\n
The transaction, which will see Silicon Labs shareholders receive a $231 per share buyout, is expected to close in 2027, subject to regulatory approval.<\/p>\n
Silicon Labs\u2019 embedded wireless connectivity solutions were attractive to Texas Instruments and will allow the company to pair their analog and embedded processing and manufacturing to make a more competitive portfolio, according to the release.<\/p>\n
\u201cTexas Instruments and Silicon Labs share a strong Texas heritage and a long-term commitment to building technology companies the right way,\u201d said Matt Johnson, president and CEO of Silicon Labs, in the release. \u201cOver the last decade, Silicon Labs has delivered double-digit growth, driven by the accelerating demand for more connected devices.\u201d<\/p>\n
\u201cTogether, we can do more,\u201d added Haviv Ilan, chairman, president and chief executive officer of Texas Instruments. \u201cThe Texas Instruments and Silicon Labs teams share a high-performing culture focused on excellence, engineering and innovation, and I am highly confident this transaction positions the combined company to deliver sustained value creation for Texas Instruments\u2019 shareholders.\u201d<\/p>\n
Johnson said the acquisition will be beneficial to both Texas Instruments and Silicon Labs.\u00a0<\/p>\n
\u201cBy combining our embedded wireless connectivity portfolio with Texas Instruments\u2019 scale, technology and manufacturing capabilities, we will be positioned to serve more customers and accelerate innovation,\u201d Johnson said.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"TEXAS \u2014 Texas Instruments has agreed to acquire Austin-based Silicon Laboratories for a cash transaction that is expected…\n","protected":false},"author":2,"featured_media":150766,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2160,132,134,133,910,1062,223,3621,27,2053],"class_list":{"0":"post-150803","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-austin","8":"tag-app-top-stories","9":"tag-austin","10":"tag-austin-headlines","11":"tag-austin-news","12":"tag-business","13":"tag-mike-dalonzo","14":"tag-news","15":"tag-technology","16":"tag-texas","17":"tag-top-stories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/150803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=150803"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/150803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/150766"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=150803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=150803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=150803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}