Silicon Laboratories jumps as Texas Instruments eyes $7 billion acquisition

Shares of chip designer Silicon Laboratories SLAB.O jumps 32.6% to $181.15 premarket

Chipmaker Texas Instruments TXN.O in advance talks to buy SLAB for about $7 bln, source tells Reuters

Shares of TXN down 3.2%.

TXN and SLAB did not immediately respond to Reuters' requests for comment

Potential deal comes as chipmakers benefit from surge in demand from technology companies ramping up compute infrastructure to power their AI ambitions

Deal could be announced in coming days, source says

If finalized, it would be TXN's biggest acquisition in over a decade

As of last close, SLAB up 5.2% in past year, TXN down 7.4%