Texas Instruments today announced it will sell its sensors and controls business to Bain Capital for $3 billion in cash.
Texas Instruments has been quick to state that they have done this so that they can focus more heavily on the much faster growing semiconductor business. It makes you wonder why Bain bought it.
Oh well, usual reason. Nice, predictable and stable niche, easy to wring out profits, bulk up and then go flog it to GE etc. That's the model (zzzzzzzzzzz).
I think we'll stick with watching Texas Instruments. Global semiconductors, now there's an industry full of risk, cutthroat competition, roller coaster trends and economic ups and downs. Wow, now I know why Bain bought the boring part!
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