Semiconductor company Analog Devices, Inc. (ADI) is in advanced talks to acquire artificial intelligence chipmaker Empower Semiconductor for around $1.5 billion in cash, Bloomberg reported citing people familiar with the matter.
As per the report, a deal could be announced as soon as Tuesday. The news comes as investment in data center infrastructure for generative AI workloads is surging.
Silicon Valley-based Empower Semiconductor offers FinFast technology to power the AI revolution by reducing the energy footprint and total cost of ownership of data centers.
As per its website, Empower's power-management architecture shrinks solution footprint, height and component count, achieving vertical power delivery with unprecedented power density and efficiency.
In the overnight trading, Analog Devices shares were losing around 0.3 percent, trading at $417.50, after closing Monday's regular trading 0.3 percent higher.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.