Texas Instruments announced in April this year that it would acquire National Semiconductor in cash at a price of $25 per share. The transaction has now passed the review of all regulatory authorities and has been approved by shareholders.
National Semiconductor is a manufacturer of semiconductor products, specializing in the production of analog devices and subsystems. The company’s products include power management circuits, video card drivers, audio amplifiers, communication interface products and data conversion solutions. National Semiconductor has more than 5,000 employees. After the transaction is completed, these employees will be merged into Texas Instruments, and National Semiconductor will be integrated into a department of Texas Instruments’ analog products business department, which has nearly 45,000 kinds of analog products, user design tools and a sales team 10 times as many as National Semiconductor’s sales team.
Texas Instruments will continue to operate the production bases of National Semiconductor in Scotland, Malaysia and Maine, and take over the business headquarters in Santa Clara and the global sales design support team.
Ricky &bull, Chairman and CEO of Texas Instruments; Rich Templeton had previously announced the acquisition, saying that the combination of Texas Instruments’ sales team and National Semiconductor’s analog product portfolio will help improve the profitability of the combined new company and help expand the market. Texas Instruments said that after the acquisition, the company’s analog semiconductor product revenue will account for more than half of the company’s total revenue.