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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.
The TI Codes Contest, organized by Texas Instruments (TXN), challenges students to create innovative solutions related to health, wellness, or medicine, particularly in light of the COVID-19 pandemic. This annual competition encourages teamwork among students, allowing them to submit proposals that may evolve into coded designs showcased through videos. Winning teams receive prizes including calculators and educational tools. The contest aims to engage students in STEM and address relevant health issues.
Texas Instruments' CFO Rafael Lizardi will present at the virtual Morgan Stanley Technology, Media and Telecom Conference on March 1, 2021, at 11 a.m. Eastern time. He will discuss the company's business outlook and strategies for addressing key markets in analog and embedded processing technologies. Analysts and investors will have the opportunity to ask questions during the session. The live audio webcast can be accessed through TI's Investor Relations section at www.ti.com/ir, with an archived replay available afterward.
Texas Instruments (TXN) has launched the DRV3255-Q1, an integrated Grade 0 brushless DC motor driver for 48-V high-power motor control in mild hybrid electric vehicles (MHEVs). This product can reduce motor system size by up to 30% and offers the highest gate-drive current, enhancing output power and protection. Designed for functional safety compliance up to ASIL D, it supports up to 30 kW of motor power. The driver also improves response times for heavy vehicles and is available now starting at $3.99.
Texas Instruments Incorporated (TXN) will host a webcast on February 4 at 10 a.m. Central time to review its capital management strategies. Senior Vice President and CFO Rafael Lizardi and VP of Investor Relations Dave Pahl will discuss the company's goal to maximize long-term free cash flow per share and review 2020 performance against capital management metrics. The webcast can be accessed via the Investor Relations section of their website, with an archived version available post-event.
Texas Instruments reported Q4 2020 revenue of $4.08 billion, a 22% increase year-over-year, with a net income of $1.69 billion and earnings per share of $1.80. This performance was driven by strong demand across automotive and industrial markets. Cash flow from operations for the year reached $6.1 billion, with free cash flow at $5.5 billion. The company returned $6.0 billion to shareholders through dividends and stock repurchases, underscoring its commitment to returning cash. TI's outlook for Q1 2021 anticipates revenue between $3.79 billion and $4.11 billion.
The board of directors of Texas Instruments (Nasdaq: TXN) has declared a quarterly cash dividend of $1.02 per share, payable on February 8, 2021, to stockholders of record on February 1, 2021. This dividend reflects Texas Instruments' ongoing commitment to return value to its shareholders, reinforcing its position as a stable investment within the semiconductor industry.
Texas Instruments has launched the BQ79616-Q1, an automotive battery monitor and balancer capable of high-accuracy voltage measurements in systems up to 800 V. This device aids compliance with Automotive Safety Integrity Level (ASIL) D, crucial for hybrid electric and electric vehicles. Key features include a patented 'wake-up-at-fault' capability, precise measurements with less than 2 mV error, and rapid diagnostics at 100 ms for battery failures. The product aims to enhance system reliability and reduce costs for automotive manufacturers.
Texas Instruments (Nasdaq: TXN) announced a significant breakthrough in electric vehicle (EV) battery management systems with the launch of its wireless BMS, which is the industry's highest-performing solution. This innovative system eliminates heavy cabling, enhancing vehicle reliability and efficiency. The FCC2662R-Q1 wireless microcontroller and BQ79616-Q1 battery monitor are central to this advancement, boasting over 99.999% network availability. TÜV SÜD has verified its compliance with Automotive Safety Integrity Level D, ensuring safety and reliability for automakers, which can speed up production and design flexibility.
Texas Instruments (TXN) will host a webcast for its Q4 and year-end 2020 earnings call on January 26, 2021, at 3:30 p.m. Central time. Senior executives Rafael Lizardi and Dave Pahl will present the company's financial results and engage with investors. The audio webcast can be accessed through the Investor Relations section of their website, with an archive available post-call. Texas Instruments specializes in manufacturing analog and embedded processing chips, serving various markets including industrial and automotive sectors.
Texas Instruments (TXN) has announced that its high-reliability (HiRel) semiconductor products are now available for immediate online purchase on TI.com, targeting aerospace and defense sectors. The inventory includes a variety of radiation-hardened products suitable for military and space applications. Key features include the option to select date and lot codes, immediate inventory access, and multiple currency payment options. TI's long-standing presence in aerospace electronics supports the quick supply of quality components, enabling faster project timelines for customers.
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