Analog Devices agrees to buy privately held Alif Semiconductor, which makes low-power AI processors, for $1.35B in cash, with contingent payments up to $200M (Anhata Rooprai/Reuters)

Analog Devices announced a cash acquisition of privately held Alif Semiconductor for $1.35 billion, with an additional contingent payment structure that could reach $200 million. Alif specializes in low-power artificial-intelligence processors, positioning the deal to strengthen Analog Devices’ AI and edge-computing portfolio. The transaction is expected to close later this year, subject to customary regulatory approvals.