Texas Instruments stock lags chip rally as $7.5B Silicon Labs deal sinks in
Texas Instruments shares fell 0.5% to $222.79 midday Friday, trailing a 4.6% jump in the PHLX semiconductor index. The drop followed news of its $7.5 billion all-cash deal to acquire Silicon Labs at a 69% premium. Investors focused on deal financing, cost savings, and the extended timeline for regulatory and shareholder approval.