Silicon Labs to Explore Breakup and Possible Sale of Its Analog Business
- Chipmaker is working with a financial adviser on divestiture
- Unit could fetch $2 billion to $3 billion or more in sale
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Silicon Laboratories Inc. is exploring a potential breakup and considering a sale of its analog chip business, according to people familiar with the matter. The stock rose as much as 10%.
The unit could fetch $2 billion to $3 billion and perhaps more, according to the people, who asked to not be identified because the matter isn’t public.