May 18 (Reuters) - U.S. chipmaker Analog Devices ( ADI ) is in advanced talks to acquire artificial intelligence chip company Empower Semiconductor for about $1.5 billion in cash, Bloomberg News reported on Monday, citing people familiar with the matter.

Here are a few details:

-- Empower Semiconductor is a Silicon Valley-based power management chip company that manufactures voltage-regulating chips for AI processors and data centers, according to the company website.

-- The deal comes amid a surge in investment in data center infrastructure for generative AI workloads.

-- A deal could be announced as soon as Tuesday, according to the Bloomberg report.

-- Reuters could not immediately verify the report. Analog Devices ( ADI ) and Empower Semiconductor did not immediately respond to a request for comment.

-- Wilmington, Massachusetts-based Analog Devices ( ADI ) provides semiconductors to businesses in a variety of industries, including aerospace, automotive, and communications.

-- Analog Devices ( ADI ) in February forecast second-quarter results above Wall Street estimates, driven by robust demand for its semiconductors.

-- Shares of Analog Devices ( ADI ) have climbed more than 50% so far this year.