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US-based semiconductor company Analog Devices (ADI) has reached an agreement to acquire Alif Semiconductor in an all-cash transaction valued at $1.35bn.
The deal is expected to strengthen Analog Devices' position in providing hardware for AI applications in real-world systems.
The agreement also entails a potential additional payment of up to $200m, depending on certain undisclosed conditions.
Based in California, Alif Semiconductor currently supplies silicon to a range of consumer and industrial customers, with its products already shipping in production.
