Texas Instruments to acquire Silicon Labs for $7.5bn.

Texas Instruments, a semiconductor manufacturer, agreed to acquire Silicon Labs, a fabless global technology company, for $7.5bn. "The acquisition of Silicon Labs is a significant milestone that strengthens our long-term embedded processing strategy. Silicon Labs' leading embedded wireless connectivity portfolio enhances our technology and IP, enabling greater scale and allowing us to better serve our customers. Texas Instruments' industry-leading and internally owned technology and manufacturing is optimized for Silicon Labs' portfolio, and will provide customers dependable supply worldwide. Together, we can do more. The Texas Instruments and Silicon Labs teams share a high-performing culture focused on excellence, engineering and innovation, and I am highly confident this transaction positions the combined company to deliver sustained value creation for Texas Instruments' shareholders," Haviv Ilan, Texas Instruments Chairman, President and CEO.