Abstract:
Analog Devices (ADI) will acquire private chip company Alif Semiconductor in a cash transaction for US$1.35 billion. The two parties said the acquisition will expand ADI's capabilities in terminal devices, as artificial intelligence applications are increasingly entering physical systems.
Alif is headquartered in Pleasanton, California, USA. It mainly develops low-power processors. These chips integrate AI computing, sensor data, connectivity and security functions for consumer electronics and industrial applications. Under the agreement, ADI will pay an upfront payment of US$1.35 billion, and may also make contingent payments of up to US$200 million.
The report pointed out that Alif’s chips have begun shipping and have gained customers in the consumer and industrial fields. In this transaction, PJT Partners provided financial advisory services to ADI, while Qatalyst Partners provided advisory services to Alif.
Meanwhile, Analog Devices last month forecast that fourth-quarter revenue and profits would be higher than Wall Street expectations, after the company's third-quarter revenue grew 40% year-on-year.
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