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