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Silicon Labs explores breakup, sale of analog chip unit - Bloomberg News

Feb 19 (Reuters) - Silicon Laboratories Inc is considering a potential breakup and exploring the sale of its analog chip unit, Bloomberg News reported on Friday.

The analog chip business could be worth $2 billion to $3 billion or more, Bloomberg reported, citing sources.

Shares of the company rose as much as 10.5% to a record of $162.92 in afternoon trading. (bloom.bg/3dtMrGD)

Silicon Labs declined to comment on the report.

The semiconductor industry has undergone a wave of consolidation in recent months, with firms such as Nvidia Corp , Advanced Micro Devices Inc and Marvell Technology all announcing multibillion dollar deals.

The deal could attract interest from other semiconductor companies and Silicon Labs is working with a financial adviser on selling the unit, according to the Bloomberg report.

The report added that a final decision regarding the deal has not been made. (Reporting by Tiyashi Datta in Bengaluru; Editing by Maju Samuel)

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