Texas Instruments (NASDAQ: TXN) has announced its largest acquisition since 2011, agreeing to buy Silicon Laboratories for $7.5 billion. This move aims to significantly expand its presence in wireless connectivity chips, used in industrial equipment and consumer devices. The deal, expected to close in early 2027, is anticipated to generate $450 million in annual cost savings within three years.
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Texas Instruments (TXN) Targets Wireless Growth with Silicon Laboratories Acquisition
Texas Instruments (NASDAQ: TXN) has announced its largest acquisition since 2011, agreeing to buy Silicon Laboratories for $7.5 billion. This move aims to significantly expand its presence in wireless connectivity chips, used in industrial equipment and consumer devices. The deal, expected to close in early 2027, is anticipated to generate $450 million in annual cost savings within three years.