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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 (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.
Texas Instruments (TXN) announced an expansion in its portfolio of space-grade analog semiconductors, introducing new radiation-hardened devices in plastic packages. The new space high-grade in plastic (SHP) qualification aims to improve efficiency in deep space missions. Notable products include the ADC12DJ5200-SP and ADC12QJ1600-SP ADCs, which are seven times smaller than equivalent ceramic devices, enhancing data communication rates. Additionally, the Space Enhanced Plastic (Space EP) portfolio is designed for smaller satellite applications, potentially saving 50% board space compared to traditional packages.
Texas Instruments (TXN) announced the pricing of two series of senior unsecured notes totaling $800 million. The offering comprises $300 million of 4.700% notes maturing on November 18, 2024 and $500 million of 4.600% notes due on February 15, 2028. Proceeds will be used for general corporate purposes. The offering closes on November 18, 2022. J.P. Morgan, Mizuho, and Morgan Stanley are the joint book-running managers.
Texas Instruments (Nasdaq: TXN) COO Haviv Ilan is set to speak at the Credit Suisse 26th Annual Technology Conference on Nov. 29 at 8:55 a.m. MT. His presentation will cover TI's business outlook and strategy for enhancing analog and embedded processing technologies, with a focus on growth in key markets. Investors and analysts can access a live audio webcast through TI's Investor Relations page. An archived replay will be available following the event.
Texas Instruments (Nasdaq: TXN) has unveiled new Matter-enabled software development kits for Wi-Fi and Thread SimpleLink wireless microcontrollers. These kits aim to facilitate the adoption of the Matter protocol in IoT applications, enhancing connectivity and interoperability across devices. TI's wireless MCUs, such as the CC3235SF and CC2652R7, allow for ultra-low-power smart home and industrial automation solutions. The company will showcase this technology at electronica in Munich from November 15-18. The Matter protocol provides a unified application layer, addressing current compatibility challenges in IoT ecosystems.
Texas Instruments (TXN) announced the launch of a new suite of application programming interfaces (APIs) aimed at streamlining the purchasing process for manufacturers. These APIs provide real-time inventory data for TI analog and embedded processing products, enabling procurement systems to enhance ordering efficiency and accuracy. Key benefits include faster automated ordering, self-service connectivity, and flexible payment options across 45 countries. TI's initiative is designed to improve visibility and cost management for its customers, solidifying its position as a leader in the semiconductor industry.
Texas Instruments reported Q3 revenue of $5.24 billion, a 1% increase sequentially, and 13% year-over-year. Net income rose to $2.30 billion, translating to earnings per share of $2.47, including a 2-cent benefit from non-guided items. Cash flow from operations reached $9.0 billion over the past 12 months, with free cash flow at $5.9 billion. For Q4, TI forecasts revenue between $4.40 billion and $4.80 billion and EPS between $1.83 and $2.11.
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