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Topic - Rich Templeton
Texas Instruments Inc. is buying National Semiconductor for $6.5 billion in a marriage of two of the world's premier makers of analog chips, which are widely used in electronics to transform signals such as sound into digital form that computers can understand.
Chip-maker Texas Instruments Inc. said Monday that third-quarter income soared 60 percent as it continued to satisfy pent-up demand after the recession, but the company expects things to cool down for the rest of the year, as consumer demand is tepid.
CEO Rich Templeton said the pleasant surprise stemmed from improving demand for most of the company's products, leading him to believe that the company is moving beyond a downturn that undercut its financial performance for most of last year.
TI's CEO Rich Templeton said the combined companies' sales team will be 10 times bigger than National Semiconductor's current sales force.