Analog Devices agrees to acquire Empower to enhance power delivery for AI and high-performance computing systems.
Analog Devices (NASDAQ:ADI) will acquire Empower Semiconductor in a $1.5 billion all-cash deal to strengthen its AI power strategy. The transaction aims to improve power density and efficiency for compute-intensive systems.
The acquisition targets advancements in power delivery architecture, addressing growing demand for high-density power solutions near processors. ADI’s broader investment in system-level platforms aligns with industry shifts toward faster, more efficient computing.
Both companies’ boards have approved the agreement, with closure expected in the second half of 2026. The deal underscores ADI’s focus on high-performance power management amid rising AI workloads.