A&O Shearman advised Texas Instruments (Nasdaq: TXN), a global semiconductor company that designs, manufactures and sells analog and embedded processing chips, on its definitive agreement to acquire Silicon Labs (Nasdaq: SLAB), a leader in secure, intelligent wireless technology, for a total enterprise value of approximately USD7.5 billion.
This transaction will create a global leader in embedded wireless connectivity solutions by combining Silicon Labs' portfolio and expertise in mixed-signal and wireless technologies with Texas Instruments' industry-leading analog and embedded processing portfolio and internally owned manufacturing capabilities. The combined company will be positioned to accelerate growth by enhancing innovation, expanding market access, and serving a broader base of existing and new customers.
Closing is anticipated in the first half of 2027, subject to regulatory approvals and customary closing conditions.
"We are proud to support Texas Instruments on this strategic acquisition of another high-profile Texas based chip company. The transaction came together quickly and seamlessly reflecting the familiarity between the client, which we have supported for many years, and our team as well as the impressive capabilities brought to bear by the firm's global platform."
Robert Cardone
Partner
The A&O Shearman team that advised Texas Instruments was led by Texas–based partners Bobby Cardone and Alain Dermarkar and associate Michael Walraven. The team also included partners Doreen Lilienfeld, Noah Brumfield, JB Betker, Ryan Bray and Ken Rivlin.