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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) reported Q3 2021 revenue of $4.64 billion, a 22% increase year-over-year, with net income at $1.95 billion and earnings per share of $2.07. Strong demand in industrial, automotive, and personal electronics fueled growth, with analog revenue up 24% and embedded processing 13%. Cash flow from operations reached $8.5 billion over the trailing 12 months, with free cash flow at $7.1 billion. The company returned $4.2 billion to shareholders, increasing dividends by 13%.
For Q4, TI expects revenue between $4.22 billion and $4.58 billion.
Texas Instruments has successfully closed a previously announced
The board of Texas Instruments (Nasdaq: TXN) has declared a quarterly cash dividend of $1.15 per share. This dividend is payable on November 15, 2021, to shareholders on record as of November 1, 2021. Texas Instruments continues to advance in the semiconductor industry, focusing on providing affordable electronics through innovative analog and embedded processing chips.
Texas Instruments (TXN) has launched the TMAG5170, the industry's most accurate 3D Hall-effect position sensor, which achieves ultra-high precision with a 2.6% total error and speeds of up to 20 kSPS. The sensor uses at least 70% less power than its competitors and integrates advanced diagnostics for improved design flexibility and system safety. Available now starting at US$1.139 in bulk, the TMAG5170 aims to enhance automation in industries by simplifying system design and maximizing performance.
Texas Instruments (TXN) will host a webcast for its Q3 2021 earnings conference call on October 26, 2021, at 3:30 p.m. Central time. Senior VP and CFO Rafael Lizardi and VP of Investor Relations Dave Pahl will present the financial results and engage with investors. Access the webcast via the Investor Relations section of the TI website. Archived audio will be available post-call, providing insights into the company’s performance in key sectors such as industrial, automotive, and personal electronics.
Texas Instruments (Nasdaq: TXN) has unveiled the UCC14240-Q1, the industry's smallest and most precise isolated DC/DC bias-supply module. Designed for electric and hybrid vehicles, it reduces power solution size by 50% and doubles power density with 60% efficiency. The device enhances driving range by powering isolated gate drivers efficiently. Features include ±1.0% accuracy from -40°C to 150°C, high common-mode transient immunity, and robust overcurrent protection. Pricing starts at US$4.20 for 1,000 units, with availability in a compact package.
Texas Instruments (TXN) has collaborated with Delta Electronics to integrate its gallium nitride (GaN) technology and C2000 microcontrollers in an enterprise server power supply unit (PSU). This innovation promises an 80% improvement in power density and up to 99.2% efficiency, yielding significant cost savings in data centers. Delta Electronics aims to enhance efficiency and power density beyond 98% in future designs. TI’s long-term investments in GaN technology and manufacturing scalability position it as a leader in the semiconductor industry.
Texas Instruments (TXN) announced a 13% increase in its quarterly cash dividend, raising it from $1.02 to $1.15 per share, resulting in an annualized dividend of $4.60. The heightened dividend will be payable on November 15, 2021, to shareholders of record on November 1, 2021, pending board approval. This increase reflects TI’s robust free cash flow generation and commitment to returning cash to stockholders, with 56% of free cash flow utilized for dividends over the past year. This marks 18 consecutive years of dividend increases.
Texas Instruments (TXN) has launched the first 70-W brushless DC (BLDC) motor drivers, the MCF8316A and MCT8316A, enabling sensorless trapezoidal and field-oriented control without code. This innovation reduces design time, allowing engineers to operate a BLDC motor in under 10 minutes. The integrated devices minimize board space by up to 70% and enhance acoustic performance for applications from home appliances to medical devices. Priced at $1.75 in 1,000-unit quantities, they will be showcased at the TI Live! Tech Exchange event from Sept. 27-29, 2021.
Texas Instruments (Nasdaq: TXN) has priced three series of senior unsecured notes totaling $1.5 billion. The notes consist of $500 million of 1.125% notes due September 15, 2026, $500 million of 1.900% notes due September 15, 2031, and $500 million of 2.700% notes due September 15, 2051. The net proceeds will be used for general corporate purposes and the offering is set to close on September 15, 2021.
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