Just now, Analog Devices and Empower Semiconductor announced that they have reached a final agreement, and ADI will acquire Empower in a $1.5 billion (approximately RMB 10 billion) all cash transaction.

According to the terms of the agreement approved by the board of directors of both companies, ADI will pay Empower's shareholders a purchase price of $1.5 billion in full cash. The transaction is expected to be completed in the second half of 2026, subject to customary closing conditions and the expiration of the applicable waiting period (and any extensions thereof) under the Hart Scott Rodino Antitrust Improvements Act of 1976 (as amended). After the transaction is completed, Mr. Phillips will continue to lead the ADI IVR technical team.

With the expansion of artificial intelligence computing scale, power density (not just total power) has become a limiting factor. How to provide high-density and high-efficiency power at computing points while responding to rapidly changing demands is currently one of the most critical challenges in system design.

ADI and Empower will collaborate to create a new power architecture for artificial intelligence and other computationally intensive applications. By shifting the power closer to the processor, this joint solution shortens the power transmission path, improves efficiency, and supports higher performance, higher density systems. With its leading position in high-performance power management, ADI is increasing its investment in system level platforms, striving to comprehensively improve performance, density, and efficiency from the grid to the core.

Empower is headquartered in Milpitas, California, and its technology aims to reduce the financial and energy costs of owning data centers. The founder of Empower stated that the company was founded to address the most challenging issue in the field of artificial intelligence power supply - the power bottleneck that limits AI throughput. The company's technology can meet the power density, speed, and efficiency required for artificial intelligence processors, enabling them to fully unleash their potential and bring about several generations of performance improvements. So far, Empower's silicon capacitors have been put into production, and the IVR project is closely collaborating with leading suppliers of ultra large scale data centers and AI silicon.

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