Analog Devices Inc. is in advanced talks to acquire Empower Semiconductor for about US$1.5 billion in cash, Bloomberg reported, citing people familiar with the matter. A formal announcement could come as soon as Tuesday. The deal has not been finalized and could still fall through.

Rising memory prices are squeezing the smartphone OLED panel market. Chinese suppliers are feeling it more than their Korean rivals, as handset makers scale back production plans.

OpenAI said it has crossed 900 million weekly active users for ChatGPT and completed a US$12.2 billion private financing round at the end of March, but executives signaled the company may seek additional capital as compute demand outstrips available resources. A spokesperson said the firm raised the historic sum to provide flexibility, yet future funding decisions will hinge on demand growth, revenue performance, cash flow, and whether the compute gap can be closed.