CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header

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)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

167944374 10 Texas Instruments Buying National SemiconductorCelebrity Mug Shots

181572784 8 Texas Instruments Buying National SemiconductorFunny Faced Cheerleaders

 alt=Musicians Then And Now

456131094 10 Texas Instruments Buying National SemiconductorPHOTOS: George Clooney’s Wedding Weekend

 alt=Michael Phelps Arrested For DUI...Again

cowb thumb Texas Instruments Buying National SemiconductorCowboys Cheerleaders

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 This material may not be published, broadcast, rewritten or redistributed.)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