Analog Devices to Acquire Alif Semiconductor for $1.35 Billion

On September 9, 2026 (scheduled), Analog Devices Inc. (ADI) and Alif Semiconductor entered into a definitive agreement for ADI to acquire Alif in an all-cash transaction valued at $1.35 billion, with an additional up to $200 million payable contingent on performance. The deal will close before the end of calendar year 2026, subject to customary closing conditions and antitrust review.

Analog Devices to buy Alif Semiconductor for $1.35bn

Analog Devices, a global semiconductor leader with more than $11 billion in revenue for fiscal 2025, is expanding into “Physical Intelligence,” where AI models run directly on devices such as sensors and wearables. Alif’s edge-AI microcontrollers integrate a low-power neural processing unit, connectivity, and power-management on a single die, enabling real-time inference without sending data to a data centre.

Analog Devices Agrees to All-Cash Acquisition of Alif Semiconductor

The acquisition builds on ADI’s earlier purchase of Empower Semiconductor, addressing both power-supply and on-device inference for edge AI across industrial automation, defense, energy, robotics, digital health and wearables.

Analog Devices to Buy Alif Semiconductor for $1.35B cash

• Purchase price: $1.35 billion cash upfront.

Analog Devices to buy Alif Semiconductor for $1.35bn

• Contingent consideration: up to $200 million based on future performance.

Analog Devices to buy Alif Semiconductor for $1.35bn

• ADI’s fiscal health: Net income of $1.34 billion on revenue of $4.02 billion for the quarter ended August 1, 2026; diluted EPS of $2.74.

Analog Devices to buy Alif Semiconductor for $1.35bn

• Market reaction: ADI shares closed at $361.655 on September 9 (down 0.98% that day).

Analog Devices to buy Alif Semiconductor for $1.35bn

Alif’s co-founder and president, Reza Kazerounian, said the partnership will broaden Alif’s reach by leveraging ADI’s expertise in analog and sensing technologies.

Analog Devices Agrees to All-Cash Acquisition of Alif Semiconductor

• “AI is moving out of the data center and into the physical world, where latency, power, and trust cannot be compromised,” — Vincent Roche, ADI CEO

The Next Web (TNW)

• “Alif was founded to reimagine what a microcontroller can be in the AI era,” — Reza Kazerounian, Alif co-founder and president

Analog Devices Agrees to All-Cash Acquisition of Alif Semiconductor

The transaction is expected to close before the end of calendar year 2026, pending antitrust clearance. ADI has not disclosed a detailed integration timeline for Alif’s product lines. Investors will receive further insight into post-closing plans when ADI reports its next quarterly results.

Analog Devices to buy Alif Semiconductor for $1.35bn