TI agrees to buy Silicon Labs for $7.5 billion in cash, its largest deal since 2011

Texas Instruments agreed to acquire Silicon Labs for $231.00 per share in cash, a total enterprise value of about $7.5 billion. Both boards approved the deal unanimously, and TI plans to fund it with cash on hand and debt arranged before closing. The companies expect closing in the first half of 2027, and TI expects about $450 million a year of manufacturing and operating synergies within three years after closing.

• Price: $231.00 per Silicon Labs share in cash; enterprise value about $7.5 billion
• Expected close: first half of 2027, subject to regulatory approvals and a Silicon Labs stockholder vote
• Synergies: about $450 million a year in manufacturing and operating savings within three years
• Adds about 1,200 wireless products and moves Silicon Labs chips from outside foundries into TI's own fabs
• TI expects the deal to be accretive to EPS, excluding transaction costs, in the first full year after closing