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Texas Instruments wraps up purchase of National Semiconductor
In April, Texas Instruments announced its intention to snatch up National Semiconductor for a cool $6.5 billion. Now, almost six months later, the acquisition is complete and TI can tack another few percentage points on to its already market-leading chunk of the analog chip market. At least for now, National will operate as a branch of TI's analog division, which now accounts for over 50-percent of the company's revenue, and keep its (reasonably) well known brand name alive. For a few more details on the deal, check out the PR after the break.
Texas Instruments to acquire National Semiconductor for $6.5 billion in cash money
As the saying goes, everything's bigger in Texas, and that includes Texas Instruments' (TI) share of the semiconductor market. The Dallas-based firm announced today that it will pay $6.5 billion for National Semiconductor. With the acquisition complete, National will become a branch of TI's analog segment, which is now positioned to make up 50 percent of the company's revenue. According to a joint press release, TI held the biggest chunk of the analog semiconductor market in 2010 at 14 percent, and with the new addition that number's bound to get even bigger. Full PR after the break.
