Texas Instruments completed its previously announced acquisition of National Semiconductor. Both companies are leaders in analog semiconductors.
More than 5,000 National employees will immediately become part of TI. The two companies will begin the work to integrate National as a unit of TI's Analog business, which will have a combined portfolio of nearly 45,000 analog products, strong customer design tools, and a sales force that is 10 times larger than National's previous footprint.
"National is now a strategic part of TI's Analog growth engine. Together, we're focused on accelerating semiconductor innovation to improve performance and power efficiency for our customers' electronic systems," said Rich Templeton, TI's chairman, president and chief executive officer.
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- In April 2011, Texas Instruments agreed to acquire National Semiconductor for $25 per share in cash -- valuing the deal at about $6.5 billion.
