Cowboys host Colts with chance to clinch NFC East | UPDATES | What's At Stake  | DeMarco Murray ActiveLocal Picks | Pick'em To Win | Cowboys News

Local

Texas Instruments Buying National Semiconductor

View Comments
A sign sits outside of the Texas Instruments corporate campus in Dallas, Texas. (credit: AP Photo)

A sign sits outside of the Texas Instruments corporate campus in Dallas, Texas. (credit: AP Photo)

From Our CBS Music Web Sites

453641528 10 Texas Instruments Buying National SemiconductorAdorbale Baby Animals To Put A Smile On Your Face

christmas on kluv dl Texas Instruments Buying National SemiconductorListen To Christmas Music

176461204 10 Texas Instruments Buying National SemiconductorWomen With Santa

 alt=Musicians Then And Now II

452359780 10 Texas Instruments Buying National SemiconductorMissing Summer?

sx Texas Instruments Buying National Semiconductor Victoria's Secret Fashion Show

SAN FRANCISCO (AP) – Dallas-based Texas Instruments Inc. is buying National Semiconductor for $6.5 billion.

It’s a marriage of two of the world’s premier makers of analog chips, which are widely used in electronics to transform signals such as sound into digital form that computers can understand.

TI, in scooping up National Semiconductor, is getting a storied Silicon Valley company whose history stretches back more than 50 years and is known for its power-management chips.

TI has agreed to pay $25 per share. The all-cash transaction represents a 78 percent premium over National Semiconductor’s stock price before the deal was announced.

TI makes some 30,000 types of analog chips, while National, based in Santa Clara, Calif., makes 12,000.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments