Analog Devices to acquire Empower Semiconductor for $1.5 billion

Analog Devices (ADI) and Empower Semiconductor entered a definitive agreement for ADI to acquire Empower in an all-cash transaction for $1.5 billion. The acquisition expands ADI's power portfolio for AI compute.

“AI infrastructure is fundamentally reshaping how power must be delivered, with energy now the most persistent constraint to scaling next-generation systems.”sec.gov

• 6 sources
• sec.govDocumentMay 19, 2026
• bizjournals.comAnalog Devices to spend $1.5B on semiconductor firm making chips for data centers - Boston Business JournalMay 19, 2026
• reuters.comAnalog Devices to buy Empower Semiconductor for $1.5 billion to boost AI power portfolio | ReutersMay 19, 2026
• goodwinlaw.comGoodwin Guides Empower Semiconductor on $1.5 Billion Acquisition by Analog Devices | News & Events | GoodwinJanet AndolinaMay 21, 2026
• semiconductor-digest.comAnalog Devices to Acquire Empower Semiconductor - Semiconductor DigestShannon DavisMay 21, 2026

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