Based on information from sources privy to the situation, Texas Instruments is engaged in in-depth discussions to acquire the chip design firm Silicon Laboratories, with the acquisition amount potentially reaching around US$7 billion. There's a chance that the deal could be made public in the next few days. The proposed acquisition price is notably higher than Silicon Laboratories' market capitalization, which stood at US$4.4 billion as of Tuesday. This news has triggered a remarkable spike of over 40% in its stock price during after-hours trading.
