April 5, 2011 07:09 am EDT

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.

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Texas Instruments to acquire National Semiconductor for $6.5 billion in cash money originally appeared on Engadget on Tue, 05 Apr 2011 03:09:00 EDT. Please see our terms for use of feeds.

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Original Link: http://www.engadget.com/2011/04/05/texas-instruments-to-acquire-national-semiconductor-for-6-5-bi/

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