Analog Devices to buy Alif Semiconductor for $1.35 billion

Sept 9 (Reuters) - Analog ‌Devices ​will ​acquire privately held Alif Semiconductor for $1.35 billion in cash, the companies ‌said on Wednesday, expanding ADI's on-device ⁠capabilities as AI applications increasingly move into ‌physical systems.

The acquisition would ‌combine ADI's sensing, signal-processing and power-management technologies with Alif's AI processors, allowing customers ​to build systems that can analyze and respond in real time.

Here are ⁠some more details:

• Pleasanton, California-based Alif develops low-power processors that ​combine AI computing, data from sensors, connectivity and security functions for ​consumer and industrial applications.

• ‌Under the agreement, analog chipmaker ADI will pay Alif $1.35 billion ⁠upfront and could make additional contingent payments of up to $200 million.

• Alif's chips are ⁠already shipping and have secured customers in the ​consumer and industrial sectors.

• PJT Partners and Qatalyst Partners are financially advising ADI and Alif on ‌the deal, respectively.

• Last month, Wilmington, Massachusetts-based ADI forecast fourth-quarter ‌revenue and profit above Wall Street estimates, ⁠after reporting a ‌40% rise in ​its third-quarter revenue.

(Reporting by Anhata Rooprai in Bengaluru; Editing by Shreya ‌Biswas)

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