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) announced plans to build a new 300-mm semiconductor wafer fabrication plant in Lehi, Utah, as part of its long-term manufacturing roadmap. This $11 billion investment marks Utah's largest economic venture and aims to create approximately 800 direct jobs and thousands of indirect jobs. The new facility will enhance TI's capacity to produce millions of chips daily for industrial and automotive applications, aligning with the growing demand in the semiconductor market. Construction is set to begin in late 2023, with production anticipated by 2026, and the project emphasizes sustainability through a LEED Gold design.
Texas Instruments (Nasdaq: TXN) will host a webcast on February 2, 2023, at 10 a.m. Central time to discuss its capital management review. Senior VP and CFO Rafael Lizardi, along with VP of Investor Relations Dave Pahl, will present a strategy for enhancing long-term growth in free cash flow per share. They will evaluate the company's performance in 2022 against its capital management objectives and outline expectations for future performance. The webcast can be accessed via the Investor Relations section on www.ti.com/ir, with an archived version available post-event.
Janus International Group (NYSE: JBI) announced the appointment of Alessandro Araldi as President of Nokē and Corporate Strategy. With over 20 years of global experience, Araldi has a strong background in building technologies, previously holding leadership roles at Honeywell (NASDAQ: HON) and Texas Instruments (NASDAQ: TXN).
Araldi will oversee strategic growth for Nokē™ Smart Entry, aimed at enhancing security and automation for self-storage facilities. CEO Ramey Jackson highlighted Araldi’s innovative expertise as pivotal for future growth and expansion within the self-storage industry.
Texas Instruments reported Q4 2022 revenue of $4.67 billion, a 3% decrease year-over-year. Net income was $1.96 billion, with earnings per share at $2.13, including an unexpected 11-cent benefit. The company highlighted weaker demand across all markets except automotive, and cash flow from operations reached $8.7 billion for the year. TI returned $7.9 billion to shareholders. The outlook for Q1 2023 projects revenue between $4.17 billion and $4.53 billion, with EPS guidance of $1.64 to $1.90.
The board of directors of Texas Instruments (Nasdaq: TXN) announced a quarterly cash dividend of $1.24 per share. This dividend is payable on February 14, 2023, to shareholders of record as of January 31, 2023. Texas Instruments is renowned for its semiconductor solutions across various sectors, including industrial and automotive. The company's ongoing commitment to innovation and efficiency highlights its role in making electronics more accessible.
Texas Instruments (TXN) announced the appointment of Haviv Ilan as the new CEO, effective April 1, 2023. Ilan, a veteran with 24 years at TI, succeeds Rich Templeton, who will remain as chairman. The transition is a carefully planned succession, reflecting confidence in Ilan's leadership and experience. Templeton praised Ilan for his results-driven approach and commitment to innovation. Under Templeton’s leadership, TI focused on analog and embedded processing, significantly increasing free cash flow per share by over six times. The board emphasizes the importance of succession planning in maintaining TI’s growth trajectory.
Texas Instruments (NASDAQ: TXN) has unveiled the industry's first purpose-built semiconductor technology designed for ultrasonic lens cleaning (ULC). The new chipset, including the ULC1001 DSP and DRV2901 piezo transducer driver, facilitates automatic detection and removal of contaminants on camera lenses through microscopic vibrations. This innovation enhances system reliability, reduces maintenance needs, and is adaptable across various camera applications, from automotive to smart cities. The ULC1001 DSP is priced at $6.43, while the DRV2901 is available for $5.35, promoting cost-effectiveness in self-cleaning camera systems.
Texas Instruments (TXN) will hold a live webcast for its Q4 and year-end 2022 earnings conference call on January 24, 2023, at 3:30 p.m. Central time. CFO Rafael Lizardi and VP of Investor Relations Dave Pahl will present the financial results and engage in a Q&A session with investors. The call can be accessed via the Investor Relations section on TI's website. An archived version will be available post-call.
Texas Instruments (Nasdaq: TXN) has launched new automotive battery monitors, the BQ79718-Q1 and BQ79731-Q1, which offer unparalleled accuracy in measuring battery voltage, current, and temperature. These advancements enhance electric vehicle (EV) range and safety, addressing critical barriers to EV adoption. The monitors achieve precision levels of 1 mV and 0.05% for voltage and current, respectively. With features like voltage/current synchronization and ASIL D compliance, TI aims to support automakers in optimizing vehicle performance and safety. The monitors are available for purchase at prices starting from $8.39.
Texas Instruments (NASDAQ: TXN) announced a collaboration with Chicony Power to design a 65-W laptop power adapter, Le Petit, using TI's integrated gallium nitride (GaN) technology. This innovation reduces the adapter's size by 50% and increases its efficiency to 94%, compared to 89% with silicon. TI's LMG2610 GaN FET integrates multiple components on a single chip, improving thermal performance and energy conversion. This partnership aims to meet consumer demands for more compact and efficient electronic devices while addressing thermal and electromagnetic interference (EMI) challenges.
FAQ
What is the current stock price of Texas Instruments Incorporated (TXN)?
What is the market cap of Texas Instruments Incorporated (TXN)?
What does Texas Instruments specialize in?
Where is Texas Instruments headquartered?
What percentage of TI's revenue comes from semiconductors?
What are some recent achievements of Texas Instruments?
What notable products has Texas Instruments introduced in the automotive sector?
What is Texas Instruments' long-term manufacturing strategy?
How does Texas Instruments return value to its shareholders?
What is Texas Instruments' motto?
How long has Texas Instruments been in operation?
Where can I find more information about Texas Instruments?
