CCS Consults on the Proposed Acquisition by Texas Instruments Incorporated of Silicon Laboratories Inc.

1.     The Competition and Consumer Commission of Singapore (“CCS”) is inviting public feedback on the proposed acquisition by Texas Instruments Incorporated (“TI”) of 100% of the issued and outstanding shares of Silicon Laboratories Inc (“Silicon Labs”) (collectively, the “Parties”) (the “Proposed Transaction”). 

2.     CCS accepted a joint application from the Parties on 3 July 2026 for a decision on the Proposed Transaction. CCS is now assessing whether the Proposed Transaction may result in a substantial lessening of competition within any market in Singapore. 

3.     TI is a public company listed on the Nasdaq Global Select Market (“Nasdaq”). It is a global semiconductor company that designs, manufactures, and sells analog and embedded processing chips to electronics designers and manufacturers all over the world. The global activities of TI, together with all its subsidiaries, extend to, and include Singapore.

4.     Silicon Labs is a public company listed on the Nasdaq. It is a U.S.-headquartered fabless semiconductor group that primarily designs and develops wireless connectivity solutions with integrated system-on-chips (“SoCs”). Silicon Labs does not own or operate fabrication facilities and engages in design, sales, and customer support related activities worldwide. The global activities of Silicon Labs, together with all its subsidiaries, extend to, and include Singapore. 

5.     The Parties submitted that the relevant product markets for the purpose of this notification are the global supply of: 

c.     Power management integrated circuits;

6.     The Parties submitted that the Proposed Transaction will not give rise to any non-coordinated or coordinated effects in each of the Relevant Markets in view of the following: 

         i.         The Parties are modest players in a fragmented global market, with many significant competitors;