"National is now a strategic part of TI’s Analog growth engine. Together, we’re focused on accelerating semiconductor innovation to improve performance and power efficiency for our customers’ electronic systems," said
More than 5,000 National employees will immediately become part of TI. The two companies will begin the work to integrate National as a unit of TI’s Analog business, which will have a combined portfolio of nearly 45,000 analog products, strong customer design tools, and a sales force that is 10 times larger than National’s previous footprint.
"The closing of this transaction allows TI to expand its market presence with more leading-edge analog products, greater manufacturing capacity, and the largest sales and applications team in the industry. Together, we will serve more customers in more markets," Templeton said.
The transaction, announced on
With today’s close, TI’s Analog semiconductor business now represents more than 50 percent of the company’s revenue.
TI will continue to operate National’s manufacturing sites, located in
For more information, see www.ti.com/deliveringmoretogether.
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as "TI will" or other words or phrases of similar import. Similarly, statements herein that describe TI’s business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements, including: the ability of TI to successfully integrate National’s operations, product lines and technology and realize additional opportunities for growth; the ability of TI to realize synergies in terms of growth and cost savings; and the other risks and
important factors contained and identified in TI’s or National’s most recent Annual Report on Form 10-K and other