Texas Instruments makes a $7.5B deal no one saw coming

In a move that caught Wall Street off guard, semiconductor giant Texas Instruments (TI) revealed that it is acquiringSilicon Labs. The news comes a week after TI announced its fourth-quarter earnings on Jan. 27, and coincides with Silicon Labs’ Q4 report, released Feb. 4. Post-acquisition, TI stock declined by around 2% intraday, while SLAB skyrocketed 49% to a new 52-week high of $207.50 and closed at $203.41. The move signals a major shift for TI, known for industry-leading analog and embedded process ...