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Texas Instruments will purchase fellow analog chipmaker National Semiconductor for $6.5 billion, the companies announced today.
TI is paying cash for National, and both boards have already approved the deal. TI says the company will be "10 times larger" after the acquisition.
"This acquisition is about strength and growth," Rich Templeton, TI's chairman and CEO, said in a statement. "National has an excellent development team, and its products combined with our own can offer customers an analog portfolio of unmatched depth and breadth."
TI says National's portfolio will add 12,000 products to its own 30,000.
"Our two companies complement each other very well," Don Macleod, National's CEO, said in a statement. "TI has much greater scale in the marketplace, with its larger portfolio of products and its large global sales force. This provides a platform to enhance National's strong and highly profitable analog capability, power management in particular, leading to meaningful growth."
More to come.
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TI is paying cash for National, and both boards have already approved the deal. TI says the company will be "10 times larger" after the acquisition.
"This acquisition is about strength and growth," Rich Templeton, TI's chairman and CEO, said in a statement. "National has an excellent development team, and its products combined with our own can offer customers an analog portfolio of unmatched depth and breadth."
TI says National's portfolio will add 12,000 products to its own 30,000.
"Our two companies complement each other very well," Don Macleod, National's CEO, said in a statement. "TI has much greater scale in the marketplace, with its larger portfolio of products and its large global sales force. This provides a platform to enhance National's strong and highly profitable analog capability, power management in particular, leading to meaningful growth."
More to come.
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