Analog Devices Completes Acquisition of Empower Semiconductor

New Delhi, India – July 8, 2026 – Analog Devices, Inc. (NASDAQ: ADI) today announced the completion of its acquisition of Empower Semiconductor. The combination further strengthens ADI’s position as a leading strategic, system-level grid-to-core power partner across the entire AI ecosystem, expanding ADI’s total addressable market and capabilities in AI compute power delivery.

Commentary

• “today marks an exciting milestone as we welcome the Empower team to ADI and take an important step forward in solving one of the most complex challenges in modern electronics – power delivery for the AI era,” said Vincent Roche, CEO and Chair at ADI. “AI infrastructure is fundamentally reshaping how power must be delivered, with energy now one of the most persistent constraints to scaling next-generation systems. Empower’s breakthrough technology is designed to directly address this bottleneck, unlocking new levels of efficiency and performance for AI processors. Leveraging ADI’s technology and scale, we will help customers rearchitect their power systems and achieve the compute densities next-generation AI demands. The impact will extend well beyond AI data centers to any domain where energy constrains what is possible.”