Summary List Placement
Silicon Laboratories stock leapt 10% on Friday following a report the semiconductor manufacturer is exploring a breakup and considering selling its analog chip business.
The unit could sell for $2 billion to $3 billion, according to Bloomberg, citing unnamed people familiar with the matter.
Shares of Silicon Labs climbed 10.5% to an intraday and 52-week high of $162.92 in heavy trading volume. The stock so far this year has picked up 27% and has risen about 62% over the past 12 months.
The company has not made any final decisions about a potential breakup or about selling the unit, the report said.
Originally published at https://www.businessinsider.com/silicon-labs-stock-price-report-may-breakup-sell-unit-2021-2 on .