Analog Devices to Buy Empower Semiconductor for $1.5 Billion
By Katherine Hamilton
Analog Devices agreed to buy Empower Semiconductor for $1.5 billion.
The all-cash deal will help Analog Devices expand its total addressable market in artificial-intelligence compute power delivery as demand from AI developers climbs, the semiconductor company said Tuesday.
Empower, based in Milpitas, Calif., makes technology designed to reduce the financial and energy cost of owning data centers.
"AI infrastructure is fundamentally reshaping how power must be delivered, with energy now the most persistent constraint to scaling next-generation systems," Analog Devices Chief Executive Vincent Roche said.
As AI's computing needs get bigger, power density has become a limiting factor, Analog said. Developers are asking for high-density, high-efficiency power. Empower's technology enables power density, speed and efficiency.
Empower's silicon capacitor technology is in production, while its integrated voltage regulator programs are advancing in collaboration with AI hyperscalers.
Empower Chief Executive Tim Phillips is expected to continue leading technology efforts as part of Analog Devices after the deal closes, which is slated to happen in the second half of this year.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
May 19, 2026 16:36 ET (20:36 GMT)
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