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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 announced the pricing of two series of senior unsecured notes totaling $700 million. The breakdown includes $400 million of 3.650% notes due August 16, 2032 and $300 million of 4.100% notes due August 16, 2052. Proceeds will be used for general corporate purposes, with the offering expected to close on August 16, 2022. BofA Securities, Citigroup Global Markets, and U.S. Bancorp are the joint book-running managers.
Texas Instruments reported Q2 2022 revenue of $5.21 billion, a 14% increase year-over-year, with net income of $2.29 billion and EPS of $2.45. Strong operational cash flow amounted to $8.7 billion over 12 months, with free cash flow at 30% of revenue. The company returned $6.2 billion to shareholders through dividends and stock buybacks. For Q3 2022, TI anticipates revenue between $4.90 billion and $5.30 billion and EPS of $2.23 to $2.51, with an effective tax rate around 14%.
The board of Texas Instruments Incorporated (Nasdaq: TXN) declared a quarterly cash dividend of $1.15 per share, payable on August 16, 2022, to stockholders of record as of August 1, 2022. This decision reflects the company's continued commitment to returning value to its shareholders. Texas Instruments is a global semiconductor company involved in designing and manufacturing chips for various markets including industrial, automotive, and personal electronics. The company focuses on making technology more affordable and efficient.
Texas Instruments (TXN) will host a second quarter 2022 earnings conference call on July 26 at 3:30 p.m. Central time. CFO Rafael Lizardi and VP Dave Pahl will present the financial results and engage with investors. The call will be accessible via an audio webcast on the company's Investor Relations website, with an archived version available post-call.
TI specializes in analog and embedded processing chips, serving various sectors, enhancing affordability and efficiency through semiconductor innovation.
Texas Instruments (TXN) has launched a new family of wireless microcontrollers for Bluetooth Low Energy at competitive prices starting at $0.79. The CC2340 family features exceptional standby current of under 830 nA, significantly enhancing battery life for various applications. Designed with flash memory options of 256KB and 512KB, these MCUs support remote software updates and can operate in extreme temperatures from -40ºC to 125ºC. The CC2340 series aims to broaden the adoption of Bluetooth LE technology, making it suitable for medical devices and smart-home applications.
Texas Instruments (Nasdaq: TXN) has unveiled new Sitara™ AM62 processors designed for edge AI applications, emphasizing low power consumption and cost-effectiveness. Priced under US$5, these processors support dual-screen displays and enable advanced human-machine interfaces (HMI) with features like gesture recognition. The AM62 can reduce power consumption by up to 50% in industrial applications, extending battery life significantly. Available now in a compact package, the AM62 processors aim to simplify development with a range of tools and support for various operating systems.
Texas Instruments (TXN) announced the groundbreaking of its new 300-mm semiconductor wafer fabrication plants in Sherman, Texas, marking a historic $30 billion investment. This initiative aims to enhance manufacturing capacity, creating up to 3,000 direct jobs and producing millions of chips daily. TI emphasizes sustainability with plans for LEED Gold-certified fabs, aiming to minimize waste and energy consumption. Production in Sherman is expected to commence in 2025, complementing existing fabs in Texas and Utah, and reinforcing TI's competitive edge in the semiconductor market.
Texas Instruments (Nasdaq: TXN) Chairman and CEO Rich Templeton will present at the Bernstein 38th Annual Strategic Decisions Conference on June 2, 2022, at 9 a.m. Eastern time in New York City. He will discuss the company's business outlook, strategies for key markets in analog and embedded processing technologies, and answer questions from analysts and investors. The conference will be accessible via live audio webcast through the Investor Relations section of TI's website, with an archived replay available afterward.
Texas Instruments (Nasdaq: TXN) launched a new portfolio of solid-state relays aimed at enhancing electric vehicle (EV) safety. These relays reduce solution size by up to 90% and costs by as much as 50%, compared to existing technologies. The TPSI3050-Q1 and TPSI2140-Q1 drivers integrate power and signal isolation, offering high reliability and performance improvements in high-voltage systems. Designed for 800-V battery management, these products enhance safety and efficiency in EV applications.
The board of Texas Instruments has declared a quarterly cash dividend of $1.15 per share, payable on May 17, 2022. Shareholders on record as of May 9, 2022 will receive this dividend. Texas Instruments is a leading global semiconductor company focused on designing and manufacturing analog and embedded processing chips for various markets, including industrial, automotive, and personal electronics. The company's commitment to making electronics more affordable through semiconductor innovation underscores its long-standing industry presence.
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