Singapore’s Competition and Consumer Commission (CCS) has given its nods to Texas Instruments’ proposed $7.5 billion acquisition of fellow US chipmaker Silicon Laboratories, finding that the deal poses no substantial lessening of competition in Singapore or globally.

Under the transaction, Texas Instruments would pay $231 per share in cash for Silicon Labs. The parties filed their notification with CCS on June 9, 2026. The commission formally accepted the application on July 3, conducted a public consultation, and issued its decision on August 7, less than two months from the initial filing.

Singapore’s review was triggered because both companies acknowledged their activities extend to and include Singapore, bringing the combination within the scope of the Competition Act 2004. Singapore operates a voluntary merger notification regime, though the companies were under no legal obligation to file but did so to secure legal certainty.

In a statement last Friday, the CCS said it assessed five product areas where the two companies overlap: wireless connectivity system-on-chips, non-wireless microcontroller units, power management integrated circuits, sensors, and USB bridges.

The CCS concluded that the two firms are not each other’s closest competitors, that the prevalence of individually negotiated pricing and the number of global rivals makes coordinated conduct unlikely. The merged company would lack sufficient market power to foreclose competitors, the CCS said.

Texas Instruments and Silicon Labs described themselves in their submissions as modest players in a fragmented global market with complementary activities.

Texas Instruments aims to complete the transaction in the first half of next year.

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