Texas Instruments to Acquire National Semiconductor for $6.5 Billion

Two of the oldest names in the chip business are about to combine. About as long as I’ve known about electronics, I’ve known of the names Texas Instruments and National Semiconductor. Today, TI announced it will acquire National for $6.5 billion, representing a 77 percent premium over the $3.4 billion market cap it had as of the close of today’s regular trading.

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Don't Mess With Texas Instruments. Unless You Want to Buy Some Chips. Like, All of Them.

Texas Instruments is actively pursuing the sale of portions of its wireless chip business. President and CEO Rich Templeton is also looking to cut costs by drastically reducing inventory and cutting expenses and capital spending. In the face of declining demand and likewise declining overall performance, these are certainly measures that Texans everywhere might describe as “prudent.”