Hua Er Jie Jian Wen·2026-02-04 18:35Group 1 - Texas Instruments announced an agreement to acquire Silicon Labs for approximately $7.5 billion in cash, marking its largest acquisition since 2011, aimed at strengthening its presence in traditional markets and expanding into the wireless connectivity chip sector [1] - Shareholders of Silicon Labs will receive $231 per share, with the transaction expected to close in the first half of 2027, pending approval from Silicon Labs' shareholders [1] - Following the announcement, Silicon Labs' stock surged by 49% to $203.66, while Texas Instruments' stock fell by 1.4% [1] Group 2 - Texas Instruments plans to finance the acquisition through existing cash reserves and new debt, expecting to achieve annual cost synergies of approximately $450 million within three years post-transaction [1] - The agreement includes asymmetric termination fees: if Silicon Labs withdraws, it must pay Texas Instruments $259 million; if Texas Instruments causes the deal to fail, it must pay $499 million [1] Group 3 - The acquisition reinforces Texas Instruments' long-term strategy to focus resources on core business areas, particularly in analog chip manufacturing, which converts physical signals into electronic signals for various applications [4] - Silicon Labs primarily serves markets related to smart home devices, industrial automation, battery storage systems, and commercial lighting, having shifted focus after selling its automotive chip assets in 2021 [4] - Texas Instruments has a diverse customer base, including industry leaders like Apple, SpaceX, and Ford, distinguishing itself from competitors focused on cutting-edge AI chips by providing essential semiconductor components for everyday applications [4]