TI buys National Semiconductor

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TI borrow$ to capture market share and gain leverage over the competition. When investment capital is cheap and not too high an expectation for ROI (just yet).
Regarding product and staffing overlapping / I don't think TI has any plan on the details, just "let the chips fall where they may".
see attached clipping from EE Times

leverage works like this
when I worked for a small fabless chip design house we could not get into the top OEM set top box designs since the big boys already had 80% of the designed in parts and thus they would offer the contested chip/s for free to their OEM customers just to keep out the competition.
 

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