Texas Instruments is in advanced talks to acquire Silicon Laboratories for approximately $7 billion. The deal could be finalized in the coming days, with Silicon Laboratories’ shares surging 34% in extended trading. Texas Instruments’ shares, however, were down 2.4%. Both companies have yet to comment on the potential acquisition.

Chipmakers are experiencing increased demand as technology companies boost their AI infrastructure. The terms of the deal between Texas Instruments and Silicon Laboratories are still unknown, and the talks may not result in an agreement. This news comes amid a period of growth in the industry.

Read more at Yahoo Finance: Texas Instruments in advanced talks to buy Silicon Laboratories for about $7 billion, source says