Goodwin Guides Empower Semiconductor on $1.5 Billion Acquisition by Analog Devices
Our Technology M&A team guided Empower Semiconductor (“Empower”) on entering into a definitive agreement with Analog Devices, Inc. (“ADI”) under which ADI will acquire Empower in an all-cash transaction for $1.5 billion. Together, ADI and Empower will help shape the power delivery architecture for AI and other compute-intensive applications. By enabling power conversion closer to the processor, the combined solution shortens the power delivery path and improves efficiency to support higher-performance, higher-density systems.
Empower Semiconductor, based in Silicon Valley, powers the AI revolution with its FinFast™ technology by reducing the energy footprint and total cost of ownership of data centers. Its integrated voltage regulators deliver on-demand scalable power with the speed, precision, and signal integrity required by AI processors. Empower’s power-management architecture is designed to shrink solution footprint, height, and component count, achieving vertical power delivery with robust power density and efficiency.
The Goodwin team was led by Jon Herzog, Rob Dzialo, and Daniel Saposnik, and included Brett Jackson, Matthew Kane, Nick Allison, and Nick O’Grady (M&A), Tim Holahan and Austin Jones (Labor & Employment), Beth Withers, Brittany Fayette, and Ashley Shultz (Intellectual Property), Sarah Bock and Brad Stewart (ERISA & Executive Compensation), Paul Jin and Arom Yun (Antitrust), Janet Andolina, Kyle Pine, and Zach Keirn (Tax), Ce Li and Justin Shields (Global Trade), Ai Tajima, Shelby Hecht, and Minji Kim (Risk Management & Insurance), and Jacqueline Klosek and Jonathan Ng (Data, Privacy and Cybersecurity).
For more information on the deal, please read the press release.