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Silicon Synergy: Texas Instruments Acquires Silicon Labs
Texas Instruments buys Silicon Labs for $7.5B
What happened
Texas Instruments ($TXN) agreed to acquire Silicon Laboratories ($SLAB) for about $7.5B in cash at $231/share (about a 69% premium). The goal is to expand its wireless connectivity footprint (industrial + consumer IoT). Deal is expected to close in 1H 2027 and targets about $450M in annual manufacturing + operating savings within 3 years after closing.
Winners
Deal arb and M&A beneficiaries
A big cash premium can pull up sentiment/valuations across adjacent wireless/IoT chip names and encourages “who’s next?” positioning.
Names…
The skinny
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