Analog Devices拟收购Empower Semiconductor，拓展面向AI时代的新一代高密度电源产品组合

• 解决AI领域关键挑战：在功耗与散热需求制约系统扩容的现状下，实现高密度、高能效算力输出
• 进一步巩固ADI作为领先的系统级电网至内核芯片全链路电源方案战略合作伙伴地位，服务超大规模云服务商与AI芯片开发商
• 依托集成电压调节器(IVR)与硅电容技术方案，拓展ADI在AI算力供电领域的整体市场规模

北京2026年5月20日 /美通社/ -- Analog Devices,Inc. (Nasdaq:ADI)与Empower Semiconductor宣布，双方已达成最终协议，ADI将以15亿美元全现金交易收购Empower。

随着AI算力规模持续扩张，功率密度(不仅仅是总功耗)已成为制约系统规模扩展的关键因素。在算力端实现高密度、高能效供电，并能够快速响应不断变化的算力负载需求，现已成为系统设计中最核心的挑战之一。

ADI与Empower将携手推动AI及各类算力密集型应用的供电架构发展。通过将电源转换环节部署到更靠近处理器的位置，整合后的解决方案可缩短供电链路、提升效率，助力打造性能更强、密度更高的系统设计。依托自身在高性能电源管理领域的领先优势，ADI持续投入系统级平台，从电网到内核芯片全链路，推动性能、密度与能效实现跨越式迭代升级。

Analog Devices拟收购Empower Semiconductor，拓展面向AI时代的新一代高密度电源产品组合

高管评论

• ADI首席执行官兼董事会主席Vincent Roche表示："AI基础设施正从根本上重塑供电模式，能源已然成为制约新一代算力系统规模化发展的主要瓶颈。ADI已推出多款高性能电源管理解决方案，本次收购Empower，将进一步扩展我们的产品组合，助力客户重构供电系统架构，满足新一代AI对算力密度的严苛需求。这项技术的影响远不止于AI数据中心，所有受能源条件限制的领域都将因此受益。"

• Empower Semiconductor首席执行官Tim Phillips表示："Empower自成立以来，始终致力于攻克AI供电领域最棘手的难题，破除制约AI算力吞吐能力的供电瓶颈。我们的技术可达成AI处理器所需的功率密度、响应速度与能效，助力其充分释放性能潜力，实现多代际性能跃升。依托ADI的电源管理平台、规模优势与优异的运营能力，叠加本次合并带来的系统级协同效益，将加速我们在客户中的应用。"

Empower的硅电容产品已实现量产，IVR相关项目也正与领先的超大规模云服务商、AI芯片供应商紧密合作推进。ADI将凭借自身规模优势、制造能力及客户覆盖范围，加速推动相关技术落地。

交易详情

收购协议已获双方董事会批准。根据协议条款，ADI将向Empower股东支付15亿美元全现金收购价款。该交易预计将于2026年下半年完成，具体取决于惯常的交割条件，以及修订版《1976年哈特-斯科特-罗迪诺反垄断改进法案》规定的适用等待期（及其任何延期期限）届满。交易完成后，Phillips先生将作为ADI的一员，继续领导推进IVR技术相关工作。

关于ADI公司

Analog Devices, Inc. (NASDAQ: ADI)是全球领先的半导体公司，致力于在现实世界与数字世界之间架起桥梁，以实现智能边缘领域的突破性创新。ADI提供结合模拟、数字、AI和软件技术的解决方案，积极应对气候变化挑战，建立人与世界万物的可靠互联，并推动自动化与机器人、汽车、医疗健康、能源与数据中心等领域的持续发展。ADI公司2025财年收入超过110亿美元，助力创新者不断超越一切可能。更多信息，请访问www.analog.com/cn。

关于Empower Semiconductor

Empower Semiconductor总部位于硅谷，依托FinFast™技术助力AI产业革新，有效降低数据中心能耗规模与总拥有成本。Empower的集成电压调节器可按需灵活扩容供电能力，兼具AI处理器所需的响应速度、精度与信号完整性。Empower的电源管理架构能够精简方案占用空间、降低高度并减少元器件数量，实现具有强大功率密度与优异能效表现的垂直供电方案。如需了解更多信息，请访问www.empowersemi.com。

顾问

PJT Partners担任ADI的财务顾问，Wachtell, Lipton, Rosen & Katz担任其法律顾问；巴克莱银行担任Empower的财务顾问，Goodwin Procter担任其法律顾问。

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