August 25, 2003 - National Semiconductor Corporation (NYSE:NSM) announced today that it has finalized the sale of its Information Appliance (IA) business unit to Advanced Micro Devices, Inc. (NYSE:AMD). The two companies previously announced the transaction on Aug. 6, 2003
Pursuant to the sale, AMD acquired certain intellectual property and assets of the IA business unit and hired 125 former National employees. Additional details will be available on Sept. 4, when National announces financial results for the first quarter of its 2004 fiscal year. The first quarter ended Aug. 24.
About National Semiconductor
National Semiconductor is the premier analog company driving the information age. Combining real-world analog and state-of-the-art digital technology, the company is focused on analog-based semiconductor products, which include stand-alone devices and subsystems in the areas of power management, imaging, display drivers, audio, amplifiers and data conversion. The company targets key markets such as wireless, displays, PCs, networks and a broad range of portable applications. With headquarters in Santa Clara, California, National reported sales of $1.67 billion for its most recent fiscal year. Additional company and product information is available on the World Wide Web at www.national.com.
