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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 Incorporated (Nasdaq: TXN) will hold its annual meeting of stockholders on April 27, 2023, at 8:30 a.m. Central time in Dallas. The meeting will be accessible via an audio webcast through the Investor Relations section of the TI website. An archived version will be available shortly after the meeting concludes.
Texas Instruments is a global semiconductor company that specializes in designing and manufacturing analog and embedded processing chips for various markets, including automotive and personal electronics. The company's mission is to make electronics more affordable and efficient, aligning with the concept of Engineering Progress.
Texas Instruments (Nasdaq: TXN) will host a webcast for its Q1 2023 earnings conference on April 25 at 3:30 p.m. Central time. Key executives, Rafael Lizardi and Dave Pahl, will present the financial results and engage with investor questions. The event can be accessed via the Investor Relations section of their website, with an archived version available post-call. Texas Instruments is a global leader in semiconductor technology, focusing on analog and embedded processing chips across various industries including automotive and personal electronics.
Texas Instruments (TXN) has launched the industry's first stand-alone active electromagnetic interference (EMI) filter integrated circuits (ICs) as of March 20, 2023. These innovative ICs can reduce common-mode EMI by up to 30 dB in AC power systems, allowing engineers to shrink choke sizes by 50% compared to passive solutions. Key products include the TPSF12C1 and TPSF12C3 for commercial use, and TPSF12C1-Q1 and TPSF12C3-Q1 for automotive applications, which enhance reliability and efficiency in high-density designs. The devices comply with CISPR EMI standards and surge immunity requirements, offering cost-effective solutions for power management.
Smart Eye has partnered with Texas Instruments (TXN) to develop an advanced interior sensing solution for automakers, enhancing vehicle safety and occupant experience. Their technology, utilizing TI's AM62A7-Q1 vision processor, meets new General Safety Regulations and Euro NCAP requirements, crucial for vehicles in Europe starting 2023. The integrated system offers driver monitoring and cabin monitoring functionalities, detecting distraction and drowsiness while providing real-time adjustments to safety measures. This collaboration is set to be showcased at the embedded world Exhibition & Conference in Germany from March 14-16, 2023.
Texas Instruments (TXN) announced the launch of its new family of six Arm Cortex-based vision processors aimed at enhancing edge AI capabilities in applications like video doorbells and autonomous mobile robots. This range includes AM62A, AM68A, and AM69A processors, featuring affordable pricing starting at US$12 for the AM62A3 model. The processors support up to 32 teraoperations per second (TOPS) of AI processing, providing efficient power consumption and design simplicity. Additionally, an open-source tool called Edge AI Studio will facilitate rapid development of AI models, with a public beta available in Q2 2023. TI will showcase these processors at the Embedded World event in March 2023.
Texas Instruments (TXN) announced the launch of its new scalable Arm Cortex-M0+ microcontroller (MCU) portfolio, aimed at enhancing design efficiency and flexibility.
The MSPM0 MCU portfolio features options that reduce design time from months to days, with initial offerings including over 100 MCUs this year. Designed for general-purpose applications, these MCUs integrate advanced analog components, such as zero-drift operational amplifiers and precision analog-to-digital converters.
Available with pricing starting at $0.39 in 1,000-unit quantities, this portfolio positions TI as a leader in embedded systems, supporting various applications showcased at Embedded World 2023.
Texas Instruments (TXN) announced the pricing of two series of senior unsecured notes totaling $1.4 billion. The issuance includes $750 million of 4.900% notes due March 14, 2033, and $650 million of 5.000% notes due March 14, 2053. Proceeds will be used for general corporate purposes. The offering is set to close on March 14, 2023. Barclays Capital, BofA Securities, and MUFG Securities are joint book-running managers for this issuance. This offering aligns with Texas Instruments’ strategy to enhance liquidity and support its operational growth.
Texas Instruments (TXN) announced that LITEON Technology has chosen its gallium nitride (GaN) field effect transistors and C2000 real-time microcontrollers for a new high-performance server power supply unit targeting the North American market. This PSU achieves over 95 W/in³ power density and complies with the 80 Plus Titanium standards. The collaboration aims to address the increasing demand for compact, efficient power supplies in data centers, leveraging TI's advanced technology to enhance design flexibility and reliability.
On February 17, 2023, Texas Instruments (TXN) announced that its CFO, Rafael Lizardi, will speak at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 7 at 9:50 a.m. Pacific time. Lizardi will discuss the company's business outlook, focusing on strategies for analog and embedded processing technologies. Investors and analysts will have the opportunity to engage with Lizardi during the session. A live audio webcast will be available on the Investor Relations section of TI's website, with an archived replay afterwards.
Texas Instruments (TXN) announced the election of Curtis C. Farmer, CEO of Comerica, to its board of directors, effective April 1, 2023. Farmer has over 38 years of experience in financial services, having held leadership roles at Comerica since 2008. His financial expertise will enhance TI's strategic discussions, as noted by TI's chairman, Rich Templeton. Farmer's background includes a bachelor's and MBA from Wake Forest University, and he previously served as executive vice president at Wachovia. This addition signals TI's commitment to integrating strong leadership with a focus on integrity and customer relationships.
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