# Analog Devices Inc. agrees to acquire Empower Semiconductor for $1.5 billion.

*semiconductor · news · 2026-05-19 · The Boston Globe*

## Key points

- Analog Devices is acquiring Empower Semiconductor for $1.5 billion in cash.
- Empower CEO Tim Phillips will lead integrated voltage regulator development at Analog Devices.
- The acquisition targets efficient power delivery chips for AI-focused data centers.
- The transaction is expected to close in the second half of 2026.

**Companies:** Analog Devices Inc., Empower Semiconductor
**Countries:** United States

[Read the full story on The Boston Globe](https://www.bostonglobe.com/2026/05/19/business/analog-devices-acquire-empower/)

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