TI buys National Semiconductor for $6.5 billion

04.04.2011
Texas Instruments on Monday announced it has agreed to acquire semiconductor company National Semiconductor for US$6.5 billion in an all-cash transaction.

TI, which makes low-power chips, said it would combine its 30,000 analog products and advanced manufacturing capabilities with the offerings of National Semiconductor, which makes analog integrated circuits.

National will bring 12,000 analog products to the joint product portfolio. On the close of the deal, National will become a part of TI's analog segment. Sales of analog semiconductors will represent almost 50 percent of TI's revenue, the companies said in a joint statement.

Analog semiconductors convert analog data into digital signals in smartphones, PCs and many other devices.

"This acquisition is about strength and growth," said Rich Templeton, TI's chairman, president and chief executive officer, in the statement. Each company has unique strengths in delivering products to improve performance and efficiency and convert real-world signals in electronic systems, the companies said.