# 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.

- Type: Acquisition
- Announced: 2026-05-19
- Where: Silicon Valley, United States
- Value: $1.50B
- Status: announced
- Products: power management solutions, integrated voltage regulators, silicon capacitors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Analog Devices](https://endata.com/companies/15464.md) (acquirer)
- [Empower Semiconductor](https://endata.com/companies/92007.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/6281/000000628126000048/pressrelease.htm), 2026-05-19: "AI infrastructure is fundamentally reshaping how power must be delivered, with energy now the most persistent constraint to scaling next-generation systems."
- [bizjournals.com](https://www.bizjournals.com/boston/news/2026/05/19/analog-devices-empower-possible-acquisition.html), 2026-05-19: "Analog Devices is acquiring Empower Semiconductor for $1.5 billion to boost its power management technology for AI data centers."
- [reuters.com](https://www.reuters.com/legal/legalindustry/analog-devices-buy-empower-semiconductor-15-billion-boost-ai-power-portfolio-2026-05-19/), 2026-05-19: "U.S. chipmaker Analog Devices said on Tuesday it would acquire Empower Semiconductor for about $1.5 billion in cash, expanding its AI-focused power management portfolio."
- [goodwinlaw.com](https://www.goodwinlaw.com/en/news-and-events/news/2026/05/announcements-technology-ma-goodwin-guides-empower-semiconductor), 2026-05-21: "Together, ADI and Empower will help shape the power delivery architecture for AI and other compute-intensive applications."
- [semiconductor-digest.com](https://www.semiconductor-digest.com/analog-devices-to-acquire-empower-semiconductor/), 2026-05-21: "Analog Devices, Inc. and Empower Semiconductor today announced that they have entered into a definitive agreement under which ADI will acquire Empower in an all-cash transaction for $1.5 billion."
- [substack.com](https://substack.com/@nuttycld/note/c-264397826), 2026-05-24: "ADI announced a $1.5 billion acquisition of Empower Semiconductor."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.