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Texas Instruments to Buy National Semiconductor

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Apr 4, 2011, 3:59 PM by Eric M. Zeman

Texas Instruments today announced its intent to buy National Semiconductor for $6.5 billion. Texas Instruments makes chips that are used in mobile phones and other mobile devices. National Semiconductor has an analog chip business, that Texas Instrument will adds to its own analog chip business. Texas Instruments will also gain National Semiconductor's fabrication plants, several of which are located in the U.S. Texas Instruments will pay National Semiconductor $25 per share, and hopes the deal will close by the end of the year. Texas Instruments didn't immediately say how or if this would impact its mobile product portfolio.

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