Welcome to our dedicated page for Texas Instruments Incorporated news (Ticker: TXN), a resource for investors and traders seeking the latest updates and insights on Texas Instruments Incorporated stock.
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) CFO Rafael Lizardi is set to speak at the Goldman Sachs 2024 Communacopia + Technology Conference in San Francisco on September 10, 2024, at 10:10 AM PT. Lizardi will address questions from 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 the Investor Relations section of TI's website (www.ti.com/ir). An archived replay will be available after the event. This conference appearance provides an opportunity for stakeholders to gain insights into TI's growth positioning and market strategies.
Texas Instruments (TXN) CEO Haviv Ilan is set to speak at the Citi 2024 Global TMT Conference in New York City on September 5, 2024, at 9:10 a.m. Eastern time. Ilan will address questions from analysts and investors, discussing TI's business outlook and strategy for key markets in analog and embedded processing technologies. The presentation will highlight how these capabilities position the company for future growth.
Investors can access a live audio webcast of the conference through the Investor Relations section of TI's website (www.ti.com/ir). An archived replay will be available on the website after the event. This appearance provides an opportunity for stakeholders to gain insights into TI's market positioning and growth strategies directly from the company's leadership.
Elliott Investment Management has released a statement praising Texas Instruments' (NASDAQ: TXN) capital-allocation update. The update reaffirms TI's commitment to long-term growth of free cash flow per share. TI presented a path to robust free cash flow generation, including a potential $12 per share of free cash flow in 2026. The company also committed to a flexible, modular capex plan starting in 2026.
Elliott supports TI's strategy to build the largest US-based, 300-mm analog semiconductor capacity. The investment firm views the update as aligned with their proposed approach and considers it a positive step towards long-term value creation for shareholders. Elliott appreciates the ongoing constructive dialogue with Texas Instruments.
Texas Instruments (TI) has signed a preliminary agreement with the U.S. Department of Commerce for up to $1.6 billion in proposed direct funding under the CHIPS and Science Act. This funding will support three 300mm semiconductor wafer fabs under construction in Texas and Utah. Additionally, TI expects to receive an estimated $6 billion to $8 billion from the U.S. Department of Treasury's Investment Tax Credit for qualified U.S. manufacturing investments.
The company plans to invest more than $18 billion through 2029 as part of its broader manufacturing investment. This will create over 2,000 new TI jobs and thousands of indirect jobs. The new fabs will produce semiconductors in 28nm to 130nm technology nodes, important for TI's analog and embedded processing products.
Texas Instruments (TXN) has introduced the DLPC8445, the world's smallest 4K UHD display controller for projectors. At just 9mm by 9mm, it's 90% smaller than previous generations, enabling compact designs for lifestyle and gaming projectors, and AR glasses. When combined with TI's DLP472TP DMD and DLPA3085 PMIC, it offers:
- Diagonal displays of 100 inches or more
- Submillisecond display latency
- Frame rates up to 240Hz
- Variable refresh rate (VRR) support
- Advanced image-correction capabilities
The DLPC8445 is available now, with pricing starting at $60 in 1,000-unit quantities. This innovation aims to bring immersive, high-quality displays to consumers in compact, portable formats.
Texas Instruments (TXN) has announced a webcast of an off-cycle capital management call scheduled for August 20, 2024, at 10 a.m. Central time. The call will feature Haviv Ilan (CEO), Rafael Lizardi (CFO), and Dave Pahl (Head of Investor Relations).
The webcast will provide detailed insights into TI's capacity investments and present a framework for revenue and free cash flow per share scenarios. Investors can access the webcast through TI's Investor Relations website, with an archived version available shortly after the call concludes.
Elliott Investment Management has released a statement commending Texas Instruments (NASDAQ: TXN) for its positive shareholder engagement and capital allocation initiatives announced by CEO Haviv Ilan. The investment firm expressed support for TXN's strategy to build the world's largest footprint of geopolitically dependable, 300-mm analog semiconductor capacity.
Elliott is looking forward to TXN's special Capital Management event in August, where the company will detail its fab strategy and introduce a new framework for revenue and free cash flow scenarios. The statement highlights the constructive dialogue established between Elliott and Texas Instruments, emphasizing that the announced steps will support long-term value creation for all shareholders.
Texas Instruments (Nasdaq: TXN) released its Q2 2024 financial results on July 23, 2024. The company reported revenue of $3.82 billion, a 16% YoY decrease, and net income of $1.13 billion, down 35% from Q2 2023. Earnings per share (EPS) were $1.22, including a 5-cent benefit from unexpected items. Sequentially, revenue increased by 4% while industrial and automotive segments declined. TI generated $6.4 billion in cash flow from operations over the trailing twelve months, with free cash flow at $1.5 billion. The company invested $3.7 billion in R&D and SG&A and returned $4.9 billion to shareholders. For Q3 2024, TI projects revenue between $3.94 billion to $4.26 billion and EPS of $1.24 to $1.48. The effective tax rate is expected to remain around 13%.
Texas Instruments Incorporated (Nasdaq: TXN) has announced its third quarter 2024 dividend. The company's board of directors has declared a quarterly cash dividend of $1.30 per share of common stock. This dividend will be payable on August 13, 2024, to stockholders of record as of July 31, 2024. This announcement demonstrates TXN's commitment to returning value to its shareholders through consistent dividend payments.
Texas Instruments (TI) has introduced six new power modules featuring proprietary MagPack integrated magnetic packaging technology. These modules offer improved power density, enhanced efficiency, and reduced EMI, with sizes up to 23% smaller than competing modules. Three of the new devices - TPSM82866A, TPSM82866C, and TPSM82816 - are the industry's smallest 6A power modules, providing a power density of nearly 1A per 1mm² of area.
The MagPack technology combines a power chip with a transformer or inductor in one package, utilizing a 3D package molding process to maximize power output in a smaller space. This innovation is particularly significant for applications like data centers, where power consumption is a critical factor. The new power modules are now available for purchase on TI.com, with evaluation modules starting at $49.
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