Silicon Laboratories Shares Up On Report of $7 Billion Texas Instruments Acquisition Deal

By Amira McKee

Shares of Silicon Laboratories surged after The Financial Times reported that Texas Instruments is in advanced talks to buy the chip designer.

The stock jumped 32% to $181 in after-hours trading on Tuesday. The shares had risen 1.4% in the past year through the close.

If the deal is completed, Texas Instruments would buy Silicon Laboratories for about $7 billion, The Financial Times reported, citing people familiar with the matter. The agreement may come together in the coming days, the FT said, though it is possible that the potential transaction will fall apart.

Write to Amira McKee at [e-mail]

(END) Dow Jones Newswires

02-03-26 1811ET