View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 6, 2011

Texas Instruments acquires National Semiconductor

Complementary portfolios are foundation for growth, say companies

By CBR Staff Writer

Texas Instruments (TI) has acquired National Semiconductor to further strengthen its position in the semiconductor industry and improve growth.

The companies have signed a definitive agreement under which TI will acquire National for $25 per share in an all-cash transaction of about $6.5bn.

The boards of directors of both companies have unanimously approved the transaction.

TI’s chairman, president and chief executive officer Rich Templeton said, "This acquisition is about strength and growth."

"National has an excellent development team, and its products combined with our own can offer customers a portfolio of unmatched depth and breadth," he added.

Post acquisition, the companies will have combined revenue of $14.5bn (£8.9bn). The move is expected to take TI to the third spot in the rankings of the world’s largest semiconductor supplier overtaking Toshiba. Intel and Samsung are the other top players.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Templeton hopes to harness the company’s sales force to improve the growth of National.

He said, "Our ability to accelerate National’s growth with our much larger sales force is the foundation of our belief that we can produce strong returns on our investment."

"The combined sales team will be 10 times larger than National’s is today, and the portfolio will be exposed to more customers in more markets."

National’s chief executive officer Don Macleod said, "Our two companies complement each other very well."

"TI has much greater scale in the marketplace, with its larger portfolio of products and its large 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."

The acquisition is subject to customary closing conditions, including review by US and international regulators and approval by National’s shareholders.

The transaction is expected to close in six to nine months.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU