Analog Devices snaps up AI power chip startup Empower Semiconductor for $1.5 billion

Analog Devices Inc (NASDAQ:ADI) said it has agreed to acquire closely held Empower Semiconductor for $1.5 billion in cash to expand its position in artificial intelligence data center power management, as the chipmaker posted record fiscal second-quarter revenue. The deal, expected to close in the second half of 2026, brings Analog Devices an integrated voltage regulator technology designed for next-generation 800-volt AI data center architectures, which require more compact and efficient power delivery systems than traditional designs.