SynopsisUS chipmaker Analog Devices is nearing a deal to buy AI chip firm Empower Semiconductor. The acquisition is reportedly valued at around $1.5 billion. Empower Semiconductor makes power management chips for AI processors and data centres. This move comes amid strong investment in data centre infrastructure for generative AI. An announcement could be made soon.US chipmaker Analog Devices is in advanced talks to acquire artificial intelligence chip company Empower Semiconductor for about $1.5 billion in cash, Bloomberg News reported on Monday, citing people ‌familiar with ⁠the ⁠matter.Here are a few details:Empower Semiconductor is a Silicon Valley-based power management chip company that manufactures voltage-regulating chips for AI processors and data centers, according to the company website.The deal comes ⁠amid a ‌surge in investment in data center infrastructure for generative AI ⁠workloads.A deal could be announced as ​soon as Tuesday, according to ​the Bloomberg report.Reuters could not immediately verify the report. Analog Devices and Empower Semiconductor did not immediately respond to a request for comment.‌Wilmington, Massachusetts-based Analog Devices provides semiconductors to businesses in a variety ​of ​industries, including ⁠aerospace, automotive, and communications.Analog Devices in February forecast second-quarter results above Wall Street estimates, ​driven by robust demand for its semiconductors.Shares of Analog Devices have climbed more than 50% so far this year. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now