Texas Instruments Strikes $7.5 Billion Deal for Silicon Labs (2)

Texas Instruments Inc. has reached an agreement to buy the US chip firm Silicon Laboratories Inc. for about $7.5 billion, deepening its exposure to several long-standing markets for chips including the home appliance, power, industrial and medical-device sectors.

Silicon Labs investors will receive $231 in cash for each share of the company’s common stock and the transaction is expected to close in the first half of 2027, according to a joint statement from the companies.

Silicon Labs’s chips are used by makers of everything from smart-home gear and industrial automation to battery storage and commercial lighting. In buying the business, ...