Texas Instruments to buy chip designer Silicon Labs in $7.5 billion deal

Texas Instruments on Wednesday agreed to ‍buy Silicon Laboratories in a deal valuing the chip designer at $7.5 billion, to ⁠expand its footprint in wireless connectivity chips used for industrial and consumer applications.

For Texas Instruments, whose core strength lies in analog chips that manage signals and power ‌in electronic ‌equipment, the acquisition marks its biggest since the $6.5 billion deal for National Semiconductor in 2011.