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Texas Instruments Incorporated (TI) is an American multinational semiconductor company headquartered in Dallas, Texas. [5] It is one of the top 10 semiconductor companies worldwide based on sales volume. [ 6 ]
In January 2023, Texas Instruments announced Templeton will step down on April 1, to be replaced by its chief operating officer Haviv Ilan. Templeton will remain as chairman of the board. Under his leadership since May 2004, Texas Instruments stock grew 581%, outperforming the VanEck Semiconductor ETF Index , which has risen 549%.
In 1951, the Geophysical Service changed its name to Texas Instruments; GSI becoming a wholly owned subsidiary of the new company. Jonsson became president of Texas Instruments, a position he held until 1958. Jonsson was elected chairman of the board in 1958 and held this position until 1966. He became honorary chairman in 1966 through 1977. [1]
The company's shares fell as much as 2.5 percent in after-market trading even as Texas Instruments reported second-quarter earnings and sales that beat estimates.
During his 25-year career (1958–1983) at Texas Instruments, he rose up in the ranks to become the group vice president responsible for TI's worldwide semiconductor business. [14] In the late 1970s, when TI's focus turned to calculators, digital watches and home computers, Chang felt like his career focused on semiconductors was at a dead end ...
Kevin joined TI after graduation in 1984, working in an array of different positions throughout the Dallas-based company. In 2002, March was appointed Controller of TI, and in October 2003, was named CFO, replacing longtime TI CFO Bill Aylesworth. [2] In 2008, March was named CFO of the Year for large public companies by Dallas Business Journal.
Texas Instruments paid $25 per share of National Semiconductor stock, an 80% premium over the April 4, 2011, closing share price of $14.07. The deal made Texas Instruments one of the world's largest makers of analog technology components. [20] On September 19, 2011, the Chinese minister approved the merger, the last one needed.
Texas Instruments forecast first-quarter profit below analysts' estimates on Thursday, as the analog chipmaker grapples with an inventory buildup in its key automotive and industrial markets.