TXN · 10-Q · 2026Q3 · Full report

Acquisition / Partnership / Divestiture

TEXAS INSTRUMENTS INC · 2026-10-23 · Importance 71 · Surprise 60 · In source text

TI agreed to acquire Silicon Labs for $231 per share in an all-cash transaction with an approximately $7.5 billion enterprise value. The transaction was announced February 4, 2026, and closing was expected in the first half of 2027, subject to regulatory approvals and customary conditions. TI expects to fund the purchase with cash on hand and debt financing. It entered into a 364-day delayed-draw term loan facility for up to $5 billion to fund the consideration and transaction expenses; there were no borrowings outstanding at September 30, 2026.

Key facts

• TI entered into a definitive agreement on February 4, 2026, to acquire Silicon Labs for $231.00 per share in an all-cash transaction with an approximately $7.5 billion total enterprise value. source
• In June 2026, TI entered into a 364-day delayed draw term loan facility for up to $5 billion to support the Silicon Labs acquisition consideration and related transaction expenses; no borrowings were outstanding as of September 30, 2026. source
• TI expects the Silicon Labs acquisition to close in the first half of 2027, subject to regulatory approvals and other customary closing conditions. source
• TI incurred $7 million of acquisition charges in Q3 2026 for transaction-related costs associated with its planned acquisition of Silicon Labs. source
• TI incurred $41 million of acquisition charges during the first nine months of 2026 for transaction-related costs associated with its planned acquisition of Silicon Labs. source
• TI expects to fund the Silicon Labs acquisition with cash on hand and debt financing. source

Impact estimates