Texas Instruments To Buy National Semiconductor For Boatloads Of Cash

TI has announced that it is set to purchase National Semiconductor in an all-cash transaction. TI will layout $6.5 billion for National Semiconductor and says that the merger will unite two industry leaders with a common commitment to solving analog needs. TI notes that both firms will operate independently pending the close of the acquisition.

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TI thinks that the acquisition will take six to nine months to complete. It would be safe to assume that time frame will depend on regulators that will have to eyeball a merger of this magnitude. Once combined TI notes that it will have 42,000 products covering a wide range of needs.

It will also have a sales force larger than any in the industry for better face-to-face support. TI also notes that the deal will expand its manufacturing capacity and bring the industry's first 300mm analog capability.

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