Analog Devices said on 3 November 2026 that it had completed its acquisition of Alif Semiconductor, the Pleasanton, California developer of low-power AI processors, in a deal worth US$1.35bn in cash upfront.
Why Analog Devices, Inc. is buying Alif Semiconductor
Alif's chips combine AI computing, sensor data, connectivity and security for consumer and industrial uses. ADI chief executive Vincent Roche said: "We are excited to welcome the Alif team to ADI and begin realizing the potential of bringing our technologies together," adding: "This is physical intelligence in action."
Deal terms and financing
ADI paid US$1.35bn in cash at closing, and Alif's holders can receive up to US$200m more in contingent payments, Reuters reported when the deal was announced on 9 September. PJT Partners advised ADI and Qatalyst Partners advised Alif.
Market context
The deal is part of a wider push by analogue and mixed-signal chipmakers to embed AI inference directly in sensors and devices at the edge, rather than relying on the cloud.
