Texas Instruments (TI) Incorporated (NYSE: TXN) announced today that it will expand its microcontroller (MCU) portfolio with the acquisition of Luminary Micro, the market-leading supplier of ARM Cortex-M3-based 32-bit MCUs. The addition of Luminary Micro's Stellaris(R) family of Cortex-M3 processors will accelerate TI's ability to provide the industry's most complete MCU portfolio. This acquisition means that customers can now enjoy the innovative capabilities of Stellaris MCUs along with the proven experience and technical strength TI brings as a global semiconductor provider.
Stellaris devices will allow TI to address mainstream 32-bit MCU markets, giving customers access to the general-purpose processing power of the industry-standard ARM Cortex-M3 core and the Stellaris family's advanced communication capabilities, including 10/100 Ethernet MAC+PHY, CAN, USB On-The-Go, USB Host/Device, SSI/SPI, UARTs, I2S, and I2C. The transaction closed on May 14, 2009.
Today's announcement is great news for our customers," said Jim Reinhart, general manager and former Luminary Micro CEO. "Moving forward, our customers not only benefit from the award-winning Stellaris family, but also enjoy the technology and manufacturing strength of TI, an experienced analog and embedded processing leader with a global footprint."
Jim Reinhart will lead TI's Catalog ARM MCU business and roadmap as part of TI's AEC organization. The Cortex-M3 microcontroller business will continue to operate from its site in Austin, Texas, which will be known as TI AEC Austin.