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Texas Instruments (TXN) designs and manufactures semiconductors, which are sold to electronics designers and manufacturers globally. The company operates primarily through two reportable segments: Analog and Embedded Processing, with additional activities reported under "Other" . Texas Instruments focuses on industrial and automotive markets, which together represented about 75% of its revenue in 2023 .
- Analog - Designs and produces semiconductors used to manage power and convert real-world signals into digital data, including Power and Signal Chain product lines.
- Power - Manages power in electronic devices.
- Signal Chain - Converts real-world signals into digital data.
- Embedded Processing - Develops microcontrollers, digital signal processors, and applications processors that serve as the digital "brains" of electronic equipment, particularly in industrial and automotive markets.
- Microcontrollers - Provides control functions in electronic devices.
- Digital Signal Processors - Processes digital signals for various applications.
- Applications Processors - Powers complex applications in electronic devices.
- Other - Includes DLP® products, calculators, and custom ASIC products.
- DLP® Products - Offers digital light processing technology.
- Calculators - Manufactures calculators for educational and professional use.
- Custom ASIC Products - Designs custom application-specific integrated circuits.
| Name | Position | External Roles | Short Bio | Start Date | |
|---|---|---|---|---|---|
Haviv Ilan ExecutiveBoard | President and CEO | None | Haviv Ilan has been with TXN for over 20 years, serving in various senior roles, and became President and CEO in 2023. | 2023 | View Report > |
Amichai Ron Executive | Senior Vice President | None | Amichai Ron is a Senior Vice President in the Embedded Processing division, involved in product development and collaborations. | 2019 | |
Hagop H. Kozanian Executive | Senior Vice President | None | Hagop H. Kozanian has been with TXN for more than five years and became an executive officer in 2018. | 2018 | |
Kyle M. Flessner Executive | Senior Vice President | None | Kyle M. Flessner announced his intention to retire effective April 1, 2024, and has been an executive officer since 2018. | 2018 | |
Rafael R. Lizardi Executive | Senior Vice President and CFO | None | Rafael R. Lizardi is the CFO of TXN, certifying periodic reports, including the Annual Report for FY 2024. | N/A | |
Carrie S. Cox Board | Director | Director at Organon & Co. and Cartesian Therapeutics, Inc. | Carrie S. Cox has extensive experience in the pharmaceutical industry and serves on the boards of Organon & Co. and Cartesian Therapeutics, Inc. | N/A | |
Curtis C. Farmer Board | Director | Chairman, President, and CEO of Comerica Incorporated | Curtis C. Farmer joined the TXN board in 2023 and has a distinguished career at Comerica Incorporated. | 2023 | |
Janet F. Clark Board | Director | Director at EOG Resources, Inc. and Resources for the Future | Janet F. Clark joined the TXN board in 2015, with a background in financial leadership roles in the energy sector. | 2015 | |
Jean M. Hobby Board | Director | Director at Hewlett Packard Enterprise Company and Integer Holdings Corporation | Jean M. Hobby joined the TXN board in 2016, bringing expertise in audit, financial control, and strategic planning. | 2016 | |
Mark A. Blinn Board | Director | Director at Emerson Electric Co., Globe Life Inc., and Leggett & Platt, Incorporated | Mark A. Blinn has been a director at TXN for 11 years, with extensive experience in leadership and financial roles. | N/A | |
Martin S. Craighead Board | Director | Director at Emerson Electric Co. | Martin S. Craighead was the former Chairman and CEO of Baker Hughes Inc. and currently serves as a director at Emerson Electric Co. | N/A | |
Pamela H. Patsley Board | Director | Director at Hilton Grand Vacations Inc., Keurig Dr Pepper Inc., and Payoneer Global Inc. | Pamela H. Patsley has held leadership roles in financial services and serves on the boards of Hilton Grand Vacations Inc., Keurig Dr Pepper Inc., and Payoneer Global Inc. | N/A | |
Reginald DesRoches Board | Director | Board Member at Brandywine Realty Trust | Reginald DesRoches is the President of Rice University and joined the TXN board in 2024. | 2024 | |
Richard K. Templeton Board | Chairman of the Board | None | Richard K. Templeton has been with TXN for 28 years, serving as President and CEO until 2023, and has been Chairman since 2008. | 2008 | |
Robert E. Sanchez Board | Director | Chairman and CEO of Ryder System, Inc. | Robert E. Sanchez is the Chairman and CEO of Ryder System, Inc. and joined the TXN board in 2024. | 2024 | |
Ronald Kirk Board | Director | Senior of Counsel at Gibson, Dunn & Crutcher LLP; Director at Mister Car Wash, Inc. | Ronald Kirk is a former U.S. Trade Representative and serves as senior of counsel at Gibson, Dunn & Crutcher LLP, and as a director at Mister Car Wash, Inc. | 2024 | |
Todd M. Bluedorn Board | Director | Director at Samsara Inc. | Todd M. Bluedorn served as Chairman and CEO of Lennox International Inc. and is currently a director at Samsara Inc. | N/A |
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With inventory levels reaching $4.3 billion and plans to further increase inventories despite moderating factory loadings, how do you intend to mitigate the risks of excess inventory amid cyclical uncertainty, and what impact might this have on your margins and cash flow?
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Embedded Processing revenue declined 27% year-over-year; can you elaborate on the specific strategies you're implementing to address this significant underperformance, and when do you anticipate seeing a turnaround in this segment?
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You've noted that while China has experienced strong sequential growth, other regions have not followed suit due to asynchronous market behaviors; what actions are you taking to stimulate demand recovery in non-Chinese markets, and when do you expect these markets to rebound?
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Considering that high inventory levels and low customer order visibility could lead to demand forecasting challenges, how are you managing production planning to prevent overproduction and potential inventory write-downs?
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Operating profit decreased by 18% compared to the same quarter last year, and net income similarly declined; what initiatives are in place to address these profitability concerns, and how do you plan to improve margins in light of declining revenues?
Recent developments and announcements about TXN.
Earnings
New Earnings (Q4 2024)
·Jan 24, 2025, 9:04 PMView full earnings summary →Texas Instruments Q4: Analog revenue up 2% YoY after 8 consecutive declines; China grew mid-teens. Up to $9.5B in CHIPS funding to bolster FCF. Q1 gross margin to dip on higher depreciation & underutilization. Inventory at $4.5B, days at 241—watch oversupply risks.