Texas Instrument Stock Price, News & Analysis

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.

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.