Texas Instruments is trading 3% up at $310.38 after Singapore’s competition watchdog launched a public consultation on its proposed $7.5 billion acquisition of Silicon Labs.
- The deal is expected to significantly expand the company’s wireless connectivity and IoT capabilities upon completion.
- Investors are responding to the regulatory milestone as the acquisition moves through the international review process.
- The stock's gains are also supported by a broader modest rally across major U.S. market indices.