New York, Feb 6, 2026, 12:51 EST — Regular session
- Texas Instruments shares slipped in the session, bucking the sharp rebound that boosted other chip stocks.
- The company agreed this week to buy Silicon Labs, offering $231 a share, all-cash.
- Investors are weighing the premium, eyeing how the deal is being financed, and factoring in the long road ahead before the transaction actually closes.
Texas Instruments Incorporated’s stock edged down about 0.5% to $222.79 by midday Friday, lagging behind broader gains in semiconductor names. The spotlight stayed on what the company has been doing with Silicon Labs.
Texas Instruments hasn’t leaned on big takeovers in a long time, so this deal grabs attention. It would steer the company out of its traditional analog chip territory and deeper into embedded wireless connectivity—a tough battleground. The steep price is reigniting arguments about whether TI should focus on capital returns or chase growth with deals like this.
Friday saw U.S. stocks claw back some ground, snapping a rough patch for tech shares as chipmakers drove the upswing. The PHLX semiconductor index popped 4.6%, helped along by big gains in Broadcom and AMD. Reuters
On Feb. 4, Texas Instruments said it’s buying Silicon Labs in a $7.5 billion all-cash deal, offering $231 a share. The purchase will be funded with a mix of cash and debt—no financing conditions attached. CEO Haviv Ilan called it “a significant milestone.” Silicon Labs chief Matt Johnson pointed to their “strong Texas heritage.” Texas Instruments
Silicon Labs is being acquired at a premium of about 69% to its last unaffected close, Reuters reported. Should the deal fall through, Silicon Labs faces a $259 million breakup fee, while Texas Instruments would owe $499 million. Stifel analysts called the planned tie-up a move that “could create one of the most formidable wireless-analog portfolios in the industry.” Reuters
Last Friday, Texas Instruments handed in its annual 10-K for the fiscal year wrapped up Dec. 31, 2025. SEC
The company’s board signed off on bylaw revisions adding a forum selection clause, according to a Feb. 6 filing. Under the new rules, certain corporate and shareholder derivative cases now go to Delaware courts, whereas Securities Act claims shift to U.S. federal district courts. SEC
Investors are trying to gauge whether the stock’s recent drop has more room to run, with attention squarely on the funding costs tied to an all-cash deal and the timing of any anticipated savings. Texas Instruments, for its part, pitches the purchase as a way to speed up growth in wireless connectivity and make fuller use of its manufacturing footprint.
Plenty still stands in the way. Silicon Labs shareholders and regulators both need to say yes before anything happens. A snag there pushes back when savings start showing up. Worse, if industrial demand takes an even deeper hit, both companies—banking on that market—could feel the squeeze.
Eyes are on Silicon Labs’ proxy statement as investors scan for clues about the merger’s integration plans before the special stockholder meeting. TI’s Amichai Ron told staff on Feb. 4 that he’ll lay out more details at a Feb. 11 town hall. SEC
