TI Buys National Semiconductor for $6.5 Billion

Texas Instruments on Monday announced it has agreed to acquire semiconductor company National Semiconductor for US$6.5 billion in an all-cash transaction.

TI, which makes low-power chips, said it would combine its 30,000 analog products and advanced manufacturing capabilities with the offerings of National Semiconductor, which makes analog integrated circuits.

The acquisition is subject to customary closing conditions, and is expected to close in six to nine months, the companies said in a joint statement.

(More to follow)

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