Welcome to our dedicated page for Texas Instrument news (Ticker: TXN), a resource for investors and traders seeking the latest updates and insights on Texas Instrument stock.
Texas Instruments Incorporated reports recurring developments around its global semiconductor business, including analog and embedded processing chips for industrial, automotive, data center, personal electronics and communications equipment markets. Company updates commonly cover quarterly results, cash dividends, shareholder returns, annual meeting matters and product announcements tied to power management, microcontrollers and embedded software.
News also reflects TI's broader product portfolio, including isolated power modules using IsoShield technology, 800 VDC power architecture reference designs for AI data centers, edge AI microcontrollers with TinyEngine NPU capabilities, and graphing calculators from its Education Technology division.
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.
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.