Texas Instruments prepares to acquire National Semiconductor Corp

e14news — Thu, 07 Oct 2021 09:44:43 GMT

Current Revision posted to Documents by e14news on 10/7/2021 9:44:43 AM
Texas Instruments Inc has confirmed it will issue bonds to raise $3.5 billion (£2.1 billion) to fund its purchase of National Semiconductor Corp, Dallas News has reported.

According to the Dallas-based chipmaker, the offering will include four series of senior unsecured notes.

Texas Instruments announced the $6.5 billion acquisition last month. At the time, the firm observed that it expected the deal to close in six to nine months.

This announcement comes shortly after Rambus, a California-based technology licensing company, confirmed that it has reached a deal to acquire privately-held Cryptography Research (CRI), a semiconductor security research and development and licensing company.

Rambus announced that it will pay $342.5 million to buy CRI. It will, therefore, expand the breadth of its technologies available for licensing with complementary technologies from CRI.

Harold Hughes, Rambus president and chief executive officer, said the addition of CRI's security technology is a significant move in their ambition to aggressively drive their revenue growth.

Posted by Andre Dixon