MergerMay 5, 2026, 04:17 PM
Silicon Labs to Merge with Texas Instruments for $231/Share Cash
AI Summary
Silicon Laboratories Inc. announced a definitive merger agreement with Texas Instruments Incorporated, where each share of Silicon Labs common stock will be converted into the right to receive $231.00 in cash. The merger, unanimously approved by Silicon Labs' board and stockholders, is expected to close in the first half of 2027. For the three months ended April 4, 2026, the company reported increased revenues and a reduced net loss compared to the prior year.
Key Highlights
- Merger with Texas Instruments at $231.00 per share in cash.
- Merger expected to close in the first half of 2027, subject to regulatory approvals.
- Q1 2026 revenues rose to $213.5 million from $177.7 million in Q1 2025.
- Net loss reduced to $15.9 million ($0.48 per share) from $30.5 million ($0.94 per share) YoY.
- Industrial & Commercial revenue was $128.0 million; Home & Life revenue was $85.5 million.
- Cash and cash equivalents increased to $383.1 million as of April 4, 2026.
- Incurred $11.2 million in merger-related costs in Q1 2026.