ADI agrees to buy Alif Semiconductor for $1.35 billion cash, closing expected in Q4 2026

Analog Devices agreed to acquire Alif Semiconductor, a maker of low-power AI microcontrollers and fusion processors, in a cash deal. Reported terms are $1.35 billion paid at signing plus up to $200 million of contingent consideration. ADI expects to close in the fourth quarter of calendar 2026, subject to the Hart-Scott-Rodino waiting period, and it frames the deal as a step into edge AI with sensing and processing on one platform.

• Reported terms: $1.35 billion upfront cash plus up to $200 million contingent consideration (Reuters, Sept 9, 2026).
• Expected close: fourth quarter of calendar 2026, subject to HSR waiting-period expiration.
• Alif makes low-power microcontroller and fusion processors with integrated AI/ML acceleration.
• ADI describes the combination as a push into Physical Intelligence: systems that sense, reason and act locally.