Texas Instruments To Buy Historic Silicon Valley Chipmaker Nat Semi
Texas Instruments has agreed to acquire National Semiconductor for $6.5 billion in cash - a 77% premium.
National Semiconductor is one of the oldest Silicon Valley tech companies, founded in 1959.
Nat Semi specializes in analog chips - these are different from digital chips and are more difficult to design and make than digital chips. It's considered a bit of a "black art" and analog chip designers have some of the highest salaries in the industry.
Anlog chips are essential components for all consumer and communications electronics products.