TI to buy National Semi!

[Strube09]

Whoa!

http://www.ti.com/ww/en/acquire/index.shtml

Strube

[Alex]

A reasonable acquisition. Still did not hit the Intel/Mcafee deal for $7.68.

I wonder if LT is next on the line.

[jtv4k]

This could be good! 

http://news.cnet.com/8301-31021_3-20050600-260.html

[Zad]

My first reaction was that it isn't good for choice. Even though they will integrate NS's devices into their catalogue, they will undoubtedly close NS's R&D labs. I wonder if they have spare fab capacity in a non-Pacific country, just at a time when TI seems to have taken a bit of a hit. It would be very convenient.

My second reaction was that I can't remember using any of NS's devices for years, so I doubt it will impact me at all.

[Eliminateur]

from the mail:
Dear valued customer,

I am excited to let you know that TI has signed a definitive agreement to purchase National Semiconductor, uniting two industry leaders that have a common commitment to solving your analog needs. I want to reinforce TI's commitment to you, our customer, as we merge our two companies.

This acquisition will allow us to address your analog needs with a product portfolio of unmatched breadth and depth. National's 12,000 products plus TI's 30,000 means more performance, power and packaging options when selecting the right ICs for your application. And we'll provide a common set of best-in-class online tools to make the selection and design process easier.

Our combined sales and applications team of 2,500 will be larger than any in the industry so we can provide more customers with greater face-to-face support than ever before.

Our manufacturing operations will offer more capacity to support your growth. TI's fabs and National's available capacity can enable higher production levels.

While both companies will operate independently pending the close, our goal thereafter is to make the integration process as seamless as possible. No requalification of products will be necessary since National's manufacturing sites will continue to be utilized. Part numbers from both companies will remain the same. There will be no obsolescence of products.

I'm excited about what the integration of our two companies will mean for you: an unmatched portfolio to meet your analog needs, an extensive sales and applications network to ease the design process, and manufacturing capacity to support your growth.

You can learn more about the acquisition at www.ti.com/acquire, including answers to frequently asked questions and video messages from TI leaders regarding the acquisition.

Thank you for choosing TI. I look forward to a great future together.

Best regards,

Rich Templeton
Chairman, President and CEO
Texas Instruments

[Ronnie]

This means less buying choices of analog ICs from different companies. A monopoly in the making?   

[Lawsen]

The TI and National Semiconductor merger is like HP and Compaq merger.  There is not much difference in the corporate world.  TI will buy National Semiconductor for $6.5 billion USD.  There will be layoffs, too.  It will be all under one company.  It is not certain what will happened to the National Semiconductor brand.  NSC and TI have the same products and same integrated circuits like the 555 for example and similar data sheets, too.  For people looking for work, that means fewer companies to apply for.  The news came as a complete surprise.  It has been a scarce economy in the electronics technology sector. 

http://money.cnn.com/2011/04/04/technology/texas_instruments_national_semiconductor_deal/index.htm?section=money_mostpopular&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_mostpopular+%28Most+Popular%29

Lawsen

[Lance]

I was surprised to see this on the Slashdot feed. Pretty good buy for TI.

As first I thought it was a late April Fools joke.

[Kiriakos-GR]

Today I got this email ..   



April 5, 2011

Dear Customer,

Yesterday National Semiconductor and Texas Instruments announced that we have entered into a definitive agreement under which TI will acquire National. Attached is the press release we issued (View here), which has more detailed information, but I wanted to take this opportunity to tell you about the news directly and what it means for you as our valued customer.

This deal is a vote of confidence for our world-class products and our highly skilled team, and reflects the leadership position we have built in power management technology and other areas. It goes without saying that TI is a first-rate global company, and most importantly, they share our commitment to providing quality products and exceptional service to customers. We think you'll find that our product portfolios are exceptionally complementary. Moreover, through this transaction, we will become part of a larger, dynamic organization, which means that this business combination will allow us to deliver additional value to you through a comprehensive portfolio of analog product offerings, expanded manufacturing capacity, and continued excellence in supply chain and support.

While we are very excited about today's news, this announcement is just the first step in the process. We must obtain regulatory approvals and National shareholder approval, and we expect that the transaction will take six to nine months to close. Until that time, we will continue to operate as independent companies, and for us, it is business as usual at National. We remain focused, as we always have, on execution and results, and will continue to deliver the high-quality products and excellent support levels that you have come to expect from us.

We'll stay in touch as future developments take place, and we look forward to continuing to serve you.

Please do not hesitate to contact your National account manager with any questions.

Best regards,

Don Macleod
Chairman and Chief Executive Officer