Texas Instruments History: Founding, Growth & Key Milestones

TI acquired Burr-Brown, an Arizona-based analog and mixed-signal semiconductor company, for approximately 7.6 billion dollars in an all-stock transaction in 2000. Burr-Brown was among the most respected precision analog semiconductor designers in the world, with particular strength in high-resolution data converters, audio digital-to-analog converters, operational amplifiers, and instrumentation amplifiers used in test and measurement, medical, and industrial applications. The acquisition was intended to strengthen TI's analog portfolio at a time when the company was establishing its leadership in analog semiconductors as a strategic priority.

TI acquired National Semiconductor, the Santa Clara-based analog semiconductor pioneer, for approximately 6.5 billion dollars in cash in 2011, in what was at the time the largest semiconductor acquisition TI had ever executed. National Semiconductor had been one of the founding companies of the Silicon Valley semiconductor industry, and its product portfolioparticularly in power management, audio amplifiers, display drivers, and interface circuitswas complementary to but minimally overlapping with TI's existing analog catalog. The acquisition was explicitly motivated by TI's strategy to achieve leadership in the analog semiconductor market by product count, manufacturing scale, and customer reach.

Texas Instruments acquired Micron Technology's 300-millimeter semiconductor fabrication facility in Lehi, Utah, for approximately 900 million dollars in 2021. The Lehi facility, which Micron had been operating for NAND flash memory production, was purchased by TI as a ready-made 300-millimeter manufacturing shell that could be converted to analog semiconductor production at significantly lower cost and faster timeline than constructing a new greenfield facility. The acquisition was a key element of TI's strategy to rapidly expand its 300-millimeter analog manufacturing capacity in the United States.

TI acquired Unitrode Corporation, a Massachusetts-based power management semiconductor company, for approximately 2.5 billion dollars in 2000. Unitrode was a regarded specialist in power supply control integrated circuits, battery charger ICs, and power management components used in servers, telecom equipment, and portable electronicsproduct categories where TI had limited presence at the time of the acquisition. The deal was part of TI's late-1990s and early-2000s strategy of acquiring analog specialists to rapidly build the power management portfolio depth needed to compete effectively in the fast-growing semiconductor power management market.

All-cash agreement at $231 per share to add Silicon Labs' wireless connectivity SoCs for industrial and IoT devices to TI's embedded portfolio and move their production onto TI's own fabs over time.