Texas Instruments buys National Semiconductor!

LG optimus pad 100 x 100.jpgVery big news this morning – is this the biggest new story we will report this year? Texas Instruments has announced that it will acquire National Semiconductor in an all-cash transaction of around $6.5 billion.

The deal brings together two of the analogue and power semiconductor market’s two largest suppliers, writes Richard Wilson, in our news article covering the breaking story.

“This acquisition is about strength and growth,” said Rich Templeton, TI’s chairman, president and chief executive officer (pictured).

According to Don Macleod, National’s chief executive officer, TI has greater scale in the marketplace with its larger 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,” said Macleod.

“National has an excellent development team, and its products combined with our own can offer customers an analog portfolio of unmatched depth and breadth,” said Templeton.

According to Templeton, National’s high margins and lower cost structure will “increase TI’s profitability and earnings per share, excluding transaction costs”.

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Tags: Texas Instruments

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