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Texas Instruments
TXN · NASDAQSemiconductors
The economic chain
Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Raw inputssand · metals · powerEquipmentthe machinesFoundrybuilds the chipChip designblueprints + softwareSystemsinto AI serversAI demandwho paysSISilicon wafersGASSpecialty gasesPWRGrid power & waterASMLASMLAMATApplied Mat.LAMLam ResearchKLAKLATITexas InstrumentsDSNTI designADIAnalog DevicesANLAnalog chipsEMBEmbedded processorsAAAppleOEMComms & enterprise OEMs···Distributors & +100k customersAUTOAutomakersINDIndustrial & factory
Company details
Market cap
~$290B
P/E ratio
~35×
Div yield
~2.0%
EPS (TTM)
~$6.0
Profit margin
~32%
Rev. growth
+19%
Revenue
~$18B
Capital returned (10yr)
~$53B
In plain English
Texas Instruments is the world's largest analog chipmaker — the unglamorous power-management, sensing and signal chips inside almost every electronic device. Unlike the fabless designers, TI designs AND manufactures in its own 300mm fabs, and is famous for handing nearly all its cash back to shareholders through dividends and buybacks.
In simple terms
TI owns its fabs
Unlike the fabless logic designers (NVIDIA, AMD) who outsource to TSMC, TI designs AND manufactures most of its own analog and embedded chips in its own 300mm fabs in Texas and Utah. The manufacturing stage is the hub here, not a supplier — a cost advantage at scale.
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Risk read
Moderate
SteadierMore speculative
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