ADI Buys Alif Semiconductor

ADI is to buy Alif Semiconductor of Pleasanton, California, for $1.35bn in cash.

The acquisition combines ADI’s sensing, signal-processing and power-management technologies with Alif’s MCUs and CPUs aimed at wearables, hearables, retail, health, fitness and other things.

Alif’s low-power processors combine AI computing, data from sensors, connectivity and security functions for consumer and industrial applications.

Under the agreement, ADI ‌will pay Alif $1.35bn upfront and could make additional contingent payments of up to $200m.

Alif’s co-founder and CEO is Syed Ali (pictured right), who co-founded Cavium Networks, where he was president, CEO and chairman. 

Syed took Cavium public in 2007, grew the company’s revenue to $1bn+ and closed an acquisition by Marvell for over $6bn.  

Alif’s chips are already shipping and have secured customers in the consumer and industrial sectors.