ANALOG DEVICES IN TALKS TO BUY EMPOWER FOR $1.5B

Empower specializes in voltage regulation chips, a critical component in power management across electronics. The acquisition would expand Analog Devices' portfolio in the power conversion market. Analog Devices ranks among the world's largest producers of analog integrated circuits, serving industries including automotive, industrial, and consumer electronics. The company has a history of strategic acquisitions to strengthen its product offerings. Empower Semiconductor, a privately held company, develops chips that manage and convert electrical power in various applications. The deal, if completed, would integrate Empower's voltage regulation technology into Analog Devices' existing product lines. No timeline for deal closure was disclosed. The transaction remains subject to customary conditions and regulatory approvals.