NasdaqGS:SLABSemiconductor
Texas Instruments Bid Recasts Silicon Labs IoT Future With Cash Exit
Texas Instruments has agreed to acquire Silicon Laboratories (NasdaqGS:SLAB) in an all cash deal valued at about US$7.5b to US$7.8b.
The transaction combines Texas Instruments' analog processing franchise with Silicon Labs' wireless connectivity portfolio in embedded systems.
The companies describe the deal as a move to create a global leader in embedded wireless connectivity for industrial, automotive and consumer applications.
Silicon Labs focuses on mixed signal and wireless connectivity...