Texas Instruments Eyes $7 Billion Acquisition of Silicon Laboratories

Texas Instruments is reportedly in advanced discussions to acquire chip designer Silicon Laboratories for around $7 billion. The potential acquisition could be finalized soon. Following these reports, Silicon Laboratories' shares surged, while Texas Instruments saw a slight decrease. The demand surge in the tech industry fuels this potential deal.

Texas Instruments is reportedly in advanced discussions to acquire chip designer Silicon Laboratories for approximately $7 billion, according to a report by the Financial Times on Tuesday.

The report suggests that an official announcement could be made in the coming days, though Texas Instruments and Silicon Laboratories have not yet commented. Following these reports, Silicon Laboratories' shares saw a significant increase of 28%, while Texas Instruments' shares experienced a minor decline of 1%.

While the terms of the deal remain unclear, the interest stems from a surge in demand among tech companies enhancing their computing infrastructure. However, the discussions may still face delays or potential fall-through, the report implies.