U.S. markets open in 7 hours 46 minutes
  • S&P Futures

    4,165.50
    +10.00 (+0.24%)
     
  • Dow Futures

    34,052.00
    +94.00 (+0.28%)
     
  • Nasdaq Futures

    13,920.75
    +23.50 (+0.17%)
     
  • Russell 2000 Futures

    2,234.60
    +5.30 (+0.24%)
     
  • Crude Oil

    64.00
    +0.62 (+0.98%)
     
  • Gold

    1,770.90
    +0.30 (+0.02%)
     
  • Silver

    25.99
    +0.15 (+0.57%)
     
  • EUR/USD

    1.2063
    +0.0022 (+0.18%)
     
  • 10-Yr Bond

    1.6010
    0.0000 (0.00%)
     
  • Vix

    17.29
    +1.04 (+6.40%)
     
  • GBP/USD

    1.3994
    +0.0010 (+0.07%)
     
  • USD/JPY

    108.2150
    +0.0650 (+0.06%)
     
  • BTC-USD

    54,875.63
    -1,980.84 (-3.48%)
     
  • CMC Crypto 200

    1,235.48
    -63.48 (-4.89%)
     
  • FTSE 100

    7,000.08
    -19.45 (-0.28%)
     
  • Nikkei 225

    29,054.32
    -631.05 (-2.13%)
     

Silicon Labs explores breakup, sale of analog chip unit - Bloomberg News

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

(Reuters) - Silicon Laboratories Inc is considering a potential breakup and exploring the sale of its analog chip unit, Bloomberg News reported on Friday.

The analog chip business could be worth $2 billion to $3 billion or more, Bloomberg reported, citing sources.

Shares of the company rose as much as 10.5% to a record of $162.92 in afternoon trading. (https://bloom.bg/3dtMrGD)

Silicon Labs declined to comment on the report.

The semiconductor industry has undergone a wave of consolidation in recent months, with firms such as Nvidia Corp, Advanced Micro Devices Inc and Marvell Technology all announcing multibillion dollar deals.

The deal could attract interest from other semiconductor companies and Silicon Labs is working with a financial adviser on selling the unit, according to the Bloomberg report.

The report added that a final decision regarding the deal has not been made.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Maju Samuel)