Texas Instruments Eyes Multibillion-Dollar Acquisition: Silicon Labs Deal in Sight

Texas Instruments is reportedly negotiating a $7 billion acquisition of chip designer Silicon Laboratories, according to the Financial Times. Reuters has not independently confirmed the report.

Texas Instruments is in the final stages of negotiations to acquire chip designer Silicon Laboratories for approximately $7 billion, according to a report by the Financial Times on Tuesday.

The potential acquisition reflects Texas Instruments' strategic move to enhance its technology portfolio and expand its footprint in the semiconductor industry.

As of now, Reuters has yet to confirm the details of the reported transaction independently.

(With inputs from agencies.)