Analog Devices near $1.5bn cash deal for Empower Semiconductor’s AI power chips

The Milpitas-based vertical-power-delivery firm puts more than 3,000 amps of current directly under the GPU. The deal could be announced as soon as Tuesday. Analog Devices is in advanced talks to acquire Empower Semiconductor, the closely held Californian power-management chip company, for $1.5bn in cash, Bloomberg reported on Tuesday, citing people familiar with the matter.