Posted by Courtney E. Howard
SANTA CLARA, Calif., 24 Sept. 2011.Texas Instruments Inc. (TI, NYSE:TXN) has acquired National Semiconductor (NYSE:NSM), integrating it and more than 5,000 National employees into a unit of TI's Analog business. The company is now "a strategic part of TI's Analog growth engine,” according to Rich Templeton, TI's chairman, president, and chief executive officer. The two companies will have a combined portfolio of nearly 45,000 analog products, customer design tools, and a sales force 10 times larger than National's previous footprint.
“Together, we're focused on accelerating semiconductor innovation to improve performance and power efficiency for our customers' electronic systems. The closing of this transaction allows TI to expand its market presence with more leading-edge analog products, greater manufacturing capacity, and the largest sales and applications team in the industry. Together, we will serve more customers in more markets," Templeton says.
TI's Analog semiconductor business represents more than 50 percent of the company's revenue following this acquisition. TI will continue to operate National's manufacturing sites in Maine, Scotland, and Malaysia, as well as its business headquarters in Santa Clara.
