TI's press release page is here: http://www.ti.com/acquire The blog post is here: http://e2e.ti.com/blogs_/b/realworld/archive/2011/04/04/ti-t... (The first is basically the outline of the second...)

The statement, "TI, which makes low-power chips, said..." is a huge understatement. TI dabbles in every area of electronics. Their 30,000 analog parts are supplemented by >70,000 other parts, and that number only accounts for parts which are available from Digikey.