➀ Analog Devices is considering the acquisition of smaller chip manufacturer Allegro Microsystems, which primarily produces sensor integrated circuits.

➁ Allegro has not yet decided to sell the entire company, and Analog Devices has been discussing the feasibility of the acquisition with advisors in recent months, with other also showing interest.

➂ Allegro is currently valued at $4.11 billion, while Analog Devices is valued at $19.83 billion.

➀ Analog Devices plans to lay off 9% of its workforce, approximately 2,400 people, due to decreased demand and revenue.

➁ The company had 26,400 formal employees as of mid-February, and the layoffs are expected to save $105 million to $115 million annually.

➂ CEO Hassane El-Khoury is working to optimize financial scale while pushing for innovation to maintain competitiveness in the AI boom.

➀ Analog Devices (ADI), a semiconductor manufacturer based in Massachusetts, has laid off thousands of employees globally and locally in 2024.

➁ As of November 2, 2024, ADI had approximately 24,000 employees, a decrease of 2,000 from the previous global employee count as of October 28, 2023, representing an 8% decrease.

➂ ADI's revenue for the fourth quarter was $2.443 billion, and for the fiscal year 2024, it was $9.43 billion, down 23% from the previous year. ADI expects revenue of $2.35 billion for the first quarter of fiscal year 2025.