Analog Devices to acquire Empower Semiconductor for $1.5 billion in cash
Analog Devices agreed to buy Empower Semiconductor, a provider of integrated voltage regulators and power management solutions, in an all-cash deal valued at $1.5 billion. The transaction is expected to close in the second half of calendar 2026, subject to customary conditions and the expiration of the applicable Hart-Scott-Rodino antitrust waiting period.
Key points
- Purchase price is $1.5 billion, paid in cash to Empower's stockholders
- Expected closing in the second half of calendar year 2026, subject to customary conditions and HSR waiting period
- Empower's silicon capacitors are already in production; its IVR programs are advancing with hyperscalers and AI silicon providers
- Empower CEO Tim Phillips will continue leading IVR technology efforts at ADI after closing
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 19, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.