Texas Instruments has signed an agreement to acquire fellow semiconductor manufacturer National Semiconductor for $ 6.5 billion, or $ 25 per share, in an all-cash deal. The boards of directors of both companies have unanimously approved the transaction, which is expected close in six to nine months.
Santa Clara-based National Semiconductor is a semiconductor manufacturer, specializing in analog devices and subsystems. The company's products include power management circuits, display drivers, audio and operational amplifiers, communication interface products and data conversion solutions.
Texas Instrument's Chairman and CEO Rich Templeton said in a release that the "acquisition is about strength and growth ... National has an excellent development team, and its products combined with our own can offer customers an analog portfolio of unmatched depth and breadth." He explains that the combination of TI's sales team and National's portfolio of analog products will help increase the joint company's profitability and expand to additional markets.
Upon close of the transaction, National will become part of TI's analog segment, and sales of analog semiconductors will represent almost 50 percent of TI's revenue. TI will also continue to operate National's manufacturing operations, located in Maine, Scotland and Malaysia.
Santa Clara-based National Semiconductor is a semiconductor manufacturer, specializing in analog devices and subsystems. The company's products include power management circuits, display drivers, audio and operational amplifiers, communication interface products and data conversion solutions.
Texas Instrument's Chairman and CEO Rich Templeton said in a release that the "acquisition is about strength and growth ... National has an excellent development team, and its products combined with our own can offer customers an analog portfolio of unmatched depth and breadth." He explains that the combination of TI's sales team and National's portfolio of analog products will help increase the joint company's profitability and expand to additional markets.
Upon close of the transaction, National will become part of TI's analog segment, and sales of analog semiconductors will represent almost 50 percent of TI's revenue. TI will also continue to operate National's manufacturing operations, located in Maine, Scotland and Malaysia.
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