TI Home > News Releases

News Releases

National Semiconductor Completes Sale of PC Super I/O Business to Winbond Electronics

May 4, 2005

May 4, 2005 - National Semiconductor Corporation (NYSE:NSM) announced today that it has closed the sale of its PC Super I/O business to Winbond Electronics Corporation, based in Hsinchu Science Park, Taiwan.  National previously announced on March 14, 2005, that it had signed a definitive agreement on the transaction and that the sale was expected to close during the fourth quarter of fiscal 2005, which ends May 29, 2005.  The sale of this business, known within National as the Advanced PC division, is consistent with the company’s ongoing focus on core analog businesses.

Pursuant to the sale, Winbond acquired intellectual property, assets and approximately 150 employees from National, with most of the employees based at National’s former research and design center in Herzlia, Israel.  The flagship products of the PC Super I/O business include the Safekeeper™ Trusted I/O desktop and notebook devices, keyboard controllers and Server I/O devices.

National’s financial release and conference call for the fourth quarter are scheduled for June 9, 2005.  At that time, the company will discuss financial results and forward outlook, including the impact from the sale of this business.

About National Semiconductor
National Semiconductor, the industry's premier analog company, creates high performance analog devices and subsystems.  National's leading-edge products include power management circuits, display drivers, audio and operational amplifiers, communication interface products and data conversion solutions. National's key vertical markets include wireless handsets, displays and laptops.  The company's analog products are also optimized for numerous applications in a variety of electronics markets, including medical, automotive, industrial, and test and measurement.  Headquartered in Santa Clara, California, National reported sales of $1.98 billion for fiscal 2004, which ended May 30, 2004.  Additional company and product information is available at www.national.com
.