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Texas Instruments Incorporated (TI) is a preeminent American technology company headquartered in Dallas, Texas. TI specializes in the design and manufacture of semiconductors and various integrated circuits, catering to electronics designers and manufacturers worldwide. With over 95% of its revenue derived from semiconductors, TI stands as the world's largest producer of analog chips, which are essential in processing real-world signals such as sound and power. Additionally, Texas Instruments boasts significant market share in processors and microcontrollers, pivotal to a myriad of electronics applications spanning industrial, automotive, personal electronics, communications equipment, and enterprise systems.
Recent company highlights include notable financial performance and strategic advancements. In the third quarter of 2023, TI reported revenue of $4.53 billion, net income of $1.71 billion, and earnings per share of $1.85, exceeding original projections. The company also announced the expansion of its low-power gallium nitride (GaN) portfolio, aimed at enhancing power density, maximizing system efficiency, and reducing the size of AC/DC consumer power electronics and industrial systems.
In the automotive sector, TI introduced the AWR2544 77GHz millimeter-wave radar sensor chip, designed to elevate autonomous vehicle sensor fusion and decision-making in advanced driver assistance systems (ADAS). Alongside this, the company unveiled the DRV3946-Q1 and DRV3901-Q1 driver chips, which offer built-in diagnostics and support functional safety for battery management and powertrain systems.
Maintaining a long-term commitment to innovation and sustainability, Texas Instruments continually invests in manufacturing capacity. The company aims to manufacture over 90% of its products internally by 2030, ensuring dependable supply chain resilience. Recent financial disclosures include a quarterly cash dividend of $1.30 per share, reflecting TI’s robust financial health and commitment to returning value to shareholders.
As an industry leader, Texas Instruments' dedication to creating a better world through affordable electronics is evident through its consistent innovation in semiconductor technology. The company's progress is encapsulated in its motto, 'Engineering Progress,' a testament to decades of groundbreaking advancements that continue to make technology smaller, more efficient, and more reliable. For more information, visit TI.com.
Texas Instruments (TXN) has unveiled new integrated automotive chips aimed at enhancing in-cabin experiences. The company introduced the AWRL6844, an edge AI-enabled 60GHz mmWave radar sensor that combines three in-cabin sensing features, potentially reducing implementation costs by $20 per vehicle. The sensor achieves 98% accuracy in occupant detection and over 90% accuracy in child presence detection.
TI also launched the AM275x-Q1 MCUs and AM62D-Q1 processors featuring TI's vector-based C7x DSP core, delivering four times the processing performance of other audio DSPs. Additionally, the company introduced the TAS6754-Q1 audio amplifier with one-inductor modulation technology, which achieves Class-D performance with half the inductors of existing amplifiers.
These innovations support advanced features including spatial audio, active noise cancellation, and sound synthesis, while meeting Euro NCAP requirements for 2025.
Texas Instruments (TXN) has announced it will host its Q4 and full-year 2024 earnings conference call on January 23, 2025, at 3:30 p.m. Central time. The webcast will feature presentations from Haviv Ilan (President and CEO), Rafael Lizardi (SVP and CFO), and Dave Pahl (VP of Investor Relations), who will discuss the company's financial results and take questions from investors. The webcast will be accessible through TI's Investor Relations website, with an archived version available after the call.
Texas Instruments (TXN) has secured up to $1.6 billion in CHIPS Act funding from the U.S. Department of Commerce to support three new 300mm semiconductor wafer fabs under construction in Texas and Utah. The company also expects to receive an estimated $6-8 billion in Investment Tax Credits from the U.S. Treasury for qualified manufacturing investments, plus $10 million for workforce development.
The funding will support projects through 2029, including cleanroom construction and tool installations at SM1 in Sherman, Texas, shell construction of SM2 (second fab in Sherman), and cleanroom construction at LFAB2 in Lehi, Utah. The three new fabs will create 2,000 direct company jobs and thousands of indirect jobs. The facilities will be powered by renewable electricity and designed to meet LEED Gold standards, with a 70% water reuse capability target.
Texas Instruments (TXN) announced that CEO Haviv Ilan will present at the UBS Global Technology and AI Conference in Scottsdale, Arizona on December 3 at 8:55 a.m. Mountain time. During the session, Ilan will interact with analysts and investors, discussing TI's business outlook and strategy for key markets in analog and embedded processing technologies. The presentation will be accessible via live audio webcast through TI's Investor Relations website, with an archived replay available afterward.
Texas Instruments (Nasdaq: TXN) has introduced two new series of real-time microcontrollers (MCUs) aimed at enhancing system efficiency, safety, and sustainability in automotive and industrial applications. The TMS320F28P55x series, part of the C2000™ family, integrates an edge AI hardware accelerator, achieving up to 99% fault detection accuracy with low latency. The F29H85x series, featuring a 64-bit C29 core, more than doubles the real-time control performance of previous generations, meeting safety standards up to ASIL D and SIL 3. These advancements enable engineers to design systems with improved decision-making capabilities and enhanced security features. TI will showcase these MCUs at electronica 2024 in Munich, Germany, from Nov. 12-15. For more details, visit ti.com/TMS320F28P550SJ, ti.com/TMS320F28P559SJ-Q1, ti.com/F29H850TU, and ti.com/F29H859TU-Q1.
Texas Instruments (TXN) has started production of gallium nitride (GaN) power semiconductors at its Aizu, Japan factory, quadrupling its internal GaN manufacturing capacity alongside its Dallas facility. The company has qualified its 200mm GaN technology for mass production, advancing towards its goal of manufacturing more than 95% of chips internally by 2030. TI offers the industry's widest portfolio of integrated GaN-based power semiconductors, which provide superior power density and energy efficiency for applications like laptop adapters and HVAC systems. The company has also successfully piloted GaN manufacturing on 300mm wafers, positioning itself for future scaling.
Texas Instruments (Nasdaq: TXN) reported its Q3 2024 financial results, revealing a revenue of $4.15 billion, an 8% decrease year-over-year but a 9% sequential increase. The company saw a net income of $1.36 billion and earnings per share (EPS) of $1.47, including a 3-cent benefit from non-guidance items. Operating profit dropped 18% to $1.55 billion. Cash flow from operations over the trailing 12 months was $6.2 billion, with free cash flow at $1.5 billion. TI invested $3.7 billion in R&D and SG&A, $4.8 billion in capital expenditures, and returned $5.2 billion to shareholders.
For Q4 2024, TI forecasts revenue between $3.70 billion and $4.00 billion and EPS between $1.07 and $1.29. The effective tax rate is expected to be around 13%.
The board of directors of Texas Instruments Incorporated (Nasdaq: TXN) has declared a quarterly cash dividend of $1.36 per share of common stock. This dividend will be payable on November 12, 2024, to stockholders of record as of October 31, 2024. The announcement was made on October 17, 2024, demonstrating the company's commitment to returning value to its shareholders through regular dividend payments.
Texas Instruments Incorporated (TI) (Nasdaq: TXN) has announced it will webcast its third quarter 2024 earnings conference call on Tuesday, Oct. 22, at 3:30 p.m. Central time. The company's leadership team, including Haviv Ilan (president and CEO), Rafael Lizardi (SVP and CFO), and Dave Pahl (VP and head of Investor Relations), will present TI's financial results and address questions from investors.
The audio webcast will be accessible through the Investor Relations section of TI's website at www.ti.com/ir. An archived version of the webcast will be made available shortly after the call concludes, allowing those unable to attend the live event to review the information later.
Texas Instruments (TI) has announced a 5% increase in its quarterly cash dividend, raising it from $1.30 per share to $1.36 per share, or $5.44 annualized. This increase marks 21 consecutive years of dividend growth for the company. The higher dividend will be payable on November 12, 2024, to stockholders of record as of October 31, 2024, subject to formal declaration by the board of directors at their October meeting.
This dividend hike aligns with TI's long-term objective of providing a sustainable and growing dividend to its shareholders. It also reflects the company's commitment to returning all free cash flow to its owners over time. The consistent dividend growth demonstrates TI's financial stability and shareholder-friendly approach.
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