ADI · 8-K · 20260909PR385938

Acquisition / Partnership / Divestiture

ANALOG DEVICES INC · 2026-09-09 · Importance 66 · Surprise 60 · In source text

Analog Devices entered a definitive agreement to acquire Alif Semiconductor in an all-cash transaction valued at $1.35 billion upfront. The acquisition adds Alif’s AI-native microcontrollers and fusion processors, including heterogeneous architectures with neural processing, connectivity, security, and intelligent power management. ADI expects the combination to expand its system-level offerings across industrial, data center infrastructure, defense, energy, robotics, digital health, and wearable applications. ADI may pay up to $200 million of additional contingent consideration, and the transaction is expected to close before the end of calendar year 2026 subject to customary conditions and applicable antitrust waiting periods.

Key facts

• Analog Devices, Inc. entered into a definitive agreement to acquire Alif Semiconductor in an all-cash transaction for $1.35 billion. source
• ADI may pay an incremental contingent consideration of up to $200 million in connection with the Alif acquisition. source
• The transaction is expected to close before the end of calendar year 2026, subject to customary closing conditions and the expiration of the applicable waiting period under the Hart-Scott-Rodino Act. source
• ADI identified difficulties in integrating the acquired business and the inability to retain key personnel as factors that could cause actual results to differ materially. source
• The Boards of Directors of both ADI and Alif approved the agreement for ADI to acquire Alif. source
• ADI named PJT Partners as its financial advisor for the Alif transaction. source
• ADI named Wachtell, Lipton, Rosen & Katz as its legal counsel for the Alif transaction. source
• The press release was issued for release on September 9, 2026. source

Impact estimates