Texas Instruments to buy chip designer Silicon Laboratories in $7.5 billion deal

Core Viewpoint - Texas Instruments has agreed to acquire Silicon Laboratories for $7.5 billion, aiming to enhance its presence in the wireless connectivity chip market for both industrial and consumer applications [1] Company Summary - The acquisition of Silicon Laboratories will allow Texas Instruments to expand its portfolio in wireless connectivity chips, which are essential for various applications in both industrial and consumer sectors [1] Industry Summary - The deal signifies a strategic move within the semiconductor industry, particularly in the wireless connectivity segment, which is experiencing growth due to increasing demand for connected devices [1]