(Reuters) - Silicon Laboratories (NASDAQ:SLAB) 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. (https://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 (NASDAQ:NVDA) Corp, Advanced Micro Devices (NASDAQ:AMD) Inc and Marvell (NASDAQ:MRVL) 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.