May 18 (Reuters) - U.S. chipmaker Analog Devices is in advanced talks to acquire artificial intelligence chip company Empower Semiconductor for about $1.5 billion in cash, Bloomberg News reported on Monday, citing people familiar with the matter.
Here are a few details:
o Empower Semiconductor is a Silicon Valley-based power management chip company that manufactures voltage-regulating chips for AI processors and data centers, according to the company website.
o The deal comes amid a surge in investment in data center infrastructure for generative AI workloads.
o A deal could be announced as soon as Tuesday, according to the Bloomberg report.
o Reuters could not immediately verify the report. Analog Devices and Empower Semiconductor did not immediately respond to a request for comment.
o Wilmington, Massachusetts-based Analog Devices provides semiconductors to businesses in a variety of industries, including aerospace, automotive, and communications.
o Analog Devices in February forecast second-quarter results above Wall Street estimates, driven by robust demand for its semiconductors.
o Shares of Analog Devices have climbed more than 50% so far this year.
(Reporting by Mihika Sharma in Bengaluru; Editing by Sherry Jacob-Phillips)
