At Texas Instruments, we design, make and sell high-technology components to customers all over the world. Almost all of our business centers around the sale of integrated circuits – also known as semiconductors or "chips" – to electronics designers and manufacturers. We have a very broad product portfolio, which includes chips that are central to almost all electronic equipment.

We have four segments: Analog, Embedded Processing, Wireless and Other.

We expect Analog, Embedded Processing and the smartphone portion of Wireless to be our primary growth engines in the years ahead. As a consequence, we have been focusing our resources on these areas. We group our remaining revenue, including revenue from our calculators, DLP® products, custom ASIC products and royalties in a segment called "Other."

Texas Instruments has finalized its previously announced acquisition of National Semiconductor. The acquisition combines two industry leaders in the market for analog semiconductors.