Texas Instruments agreed on 4 February to acquire Austin, Texas-based Silicon Labs for $231.00 per share in cash, a transaction valuing the wireless chip designer at about $7.5bn including debt.
Why Texas Instruments Incorporated is buying Silicon Laboratories Inc.
The companies said combining TI's analog and embedded processing scale and in-house manufacturing with Silicon Labs' low-power mixed-signal and wireless connectivity products would create a global leader in embedded wireless connectivity. The deal adds about 1,200 wireless products, which TI plans to transfer from external foundries to its own 300mm wafer fabs in the United States and internal assembly and test sites, and to sell through TI's direct sales and online channels.
Deal terms and financing
Silicon Labs stockholders receive $231.00 in cash per share. Both boards approved the deal unanimously, and TI is funding it with cash and debt with no financing contingency. TI expects the purchase to add to earnings per share, excluding transaction costs, in the first full year and to yield about $450m of annual manufacturing and operating synergies within three years. In June 2026 it signed a 364-day delayed-draw term loan of up to $5bn to support the payment.
Regulatory approvals and timing
In its second-quarter 10-Q, TI said closing was still expected in the first half of 2027, subject to regulatory approvals and other customary conditions; it had booked $34m of acquisition charges in the first half of 2026.
Market context
Industry observers such as AnySilicon saw the deal as part of continuing consolidation in embedded and connectivity semiconductors, and of a wider push for supply assurance through vertically integrated manufacturing. Embedded wireless connectivity is growing as more industrial, automotive, IoT and smart infrastructure devices are connected.
