Analog Devices Examines Takeover of Empower Semiconductor

Power Management for AI Infrastructure Analog Devices Examines Takeover of Empower Semiconductor

2026-05-19 From Sebastian Gerstl | Translated by AI 2 min Reading Time

Related Vendors

FAULHABER Drive Systems

tmts2026-ticec-banner-en-2000px (https://www.tmts.tw/en)

Taiwan Machine Tool & Accessory Builders' Association (TMBA)

SIMTOS (Seoul International Machine Tool Show)

According to media reports, Analog Devices is in advanced talks to acquire Empower Semiconductor, a developer of power management chips for data centers. The purchase price is said to be USD 1.5 billion.

Crescendo platform from Empower Semiconductor for "Vertical Power Delivery" (VPD). According to the news agency Bloomberg and Reuters, Analog Devices is interested in acquiring the manufacturer of power management chips for AI loads in data centers.(Image: Empower Semiconductor) — Crescendo platform from Empower Semiconductor for "Vertical Power Delivery" (VPD). According to the news agency Bloomberg and Reuters, Analog Devices is interested in acquiring the manufacturer of power management chips for AI loads in data centers.
(Image: Empower Semiconductor)

According to the news agency Bloomberg, Analog Devices is in advanced talks about the takeover of Empower Semiconductor. The potential purchase price is said to be around 1.5 billion US dollars in cash. There has been no official confirmation from either company to date.

Empower Semiconductor, based in Milpitas, California, develops power management chips for AI processors and data centers. The company specializes in integrated voltage regulators that are placed directly under GPUs or other AI accelerators. Empower thus addresses a central challenge of current AI infrastructures: the efficient supply of very powerful processors with high currents.

The vertical power delivery architecture pursued by Empower is designed to conduct currents of more than 3,000 amps directly through the circuit board to the processor instead of distributing them laterally across the board. According to the company, this reduces resistive losses and improves system efficiency. With the Crescendo platform presented in October 2024, Empower positioned itself in this area as a provider for next-generation AI data center designs.

Strategic Importance for AI Data Centers

For operators of large AI infrastructures, the energy efficiency of the power supply can have a significant impact on operating costs, cooling and scalability. If relevant system losses can be reduced by changing the power supply, power management becomes a strategic differentiator rather than a standard component. This explains why corresponding IP and platforms are becoming increasingly important in the field of AI accelerators.

The estimated purchase price would be significantly higher than Empower's last reported financing round. The company raised more than 140 million US dollars in a Series D round at the end of 2024, led by Fidelity Management & Research and other investors. The potential deal thus also reflects the increased valuation of suppliers whose technologies are closely linked to the expansion of AI data centers.

The Reuters news agency was initially unable to independently verify the Bloomberg report. Analog Devices and Empower Semiconductor did not immediately respond to a request for comment. If the transaction goes through, Analog Devices would significantly expand its position in the field of power management for compute-intensive AI applications.(sg)

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Business E-mail

Please enter a valid mailadress.

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta)

Date: 08.12.2025

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planck-Str. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

Additionally, my consent also includes the processing of my email address and telephone number for data matching for marketing purposes with select advertising partners such as LinkedIn, Google, and Meta. For this, Vogel Communications Group may transmit said data in hashed form to the advertising partners who then use said data to determine whether I am also a member of the mentioned advertising partner portals. Vogel Communications Group uses this feature for the purposes of re-targeting (up-selling, cross-selling, and customer loyalty), generating so-called look-alike audiences for acquisition of new customers, and as basis for exclusion for on-going advertising campaigns. Further information can be found in section “data matching for marketing purposes”.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here. This does not apply to data matching for marketing purposes.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://contact.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.