Texas Instruments completes acquisition of National Semiconductor

Combination is about strength and growth

Texas Instruments has finalized its previously announced acquisition of National Semiconductor in an all-cash transaction of $6.5 billion. The acquisition combines two industry leaders in the market for analog semiconductors.
  • Together we're stronger.
    • 12,000 analog products to add to our current portfolio of 30,000
    • Highly skilled National analog engineering team joining TI
  • We can grow the combination of TI and National significantly faster than the market.
    • Combined sales force is 10x National's – more customers, more markets, more revenue
    • Immediate cross-selling opportunities
  • The numbers work.
    • Return on invested capital exceeds our cost of capital within 3 to 4 years
    • Combination increases TI's profitability and EPS
  • We are a good fit, strategically and culturally.
    • Complementary products
    • Common commitment to analog
    • Both value employees and ethical business practices