Semiconductor company Analog Devices, Inc. (ADI) has acquired Empower Semiconductor in a $1.5 billion all-cash transaction.
In a statement, ADI said the acquisition will advance its position as a “strategic, system-level grid-to-core power partner for hyperscalers and silicon developers.”
– Sebastian Moss
The transaction is expected to close in the second half of 2026, subject to customary closing agreements. Following the completion of the deal, Empower CEO Tim Phillips will continue to lead Integrated Voltage Regulator (IVR) development efforts as part of ADI.
Founded in 2014 by Gene Sheridan, David Lidsky, and Phillips, Empower uses its self-designed IVR technology to develop system-on-chips (SoCs) that it says enable high-density and high-efficiency power delivery for AI and data center applications.
