ADI completes $1.5 billion all-cash acquisition of Empower Semiconductor

Analog Devices closed its purchase of Empower Semiconductor, a maker of integrated voltage regulators and silicon capacitors for AI data center power. The deal was announced in May at $1.5 billion in cash and was guided to close in the second half of 2026, and this closing fell inside that window. Empower's products target next-generation 800-volt AI racks, where power must be delivered close to the processor.

• Purchase price: $1.5 billion, all cash, as announced May 19, 2026.
• Closed July 7, 2026, inside the second-half 2026 window guided at announcement.
• Empower's IVR and silicon capacitor products are aimed at AI data center power delivery.
• Deal was first announced May 19, 2026, when it was guided to close in the second half of 2026.