Chip Makers Scale Up Where It Matters

Bigger isn’t always better. But in the market for analog chips, heft has definite advantages. Just ask Analog Devices Inc., which has spent the past few years scaling up. The chip maker has done 10 mergers in the past six years, including its acquisition of Linear Technology for nearly $15 billion in 2016. Those deals have made the company also known as ADI into a strong No. 2 in the market for analog chips—processors designed for an array of uses such as power management and thermal control. But ADI’s annual revenue is still…

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