Texas Instruments Incorporated (NASDAQ:TXN) Bernstein’s 41st Strategic Decisions Conference Call May 30, 2025 11:00 AM ET
Company Participants
Haviv Ilan – President and Chief Executive Officer
Conference Call Participants
Stacy Rasgon – Bernstein
Stacy Rasgon
Great. Thank you all for coming. I’m actually glad to see so many people here at 11 o’clock on a Friday. It was great. I’m Stacy Rasgon. I cover The US Semiconductor and SemiCap space here at Bernstein. And it’s my honor to introduce our guest here today, Haviv Ilan, the President and CEO of Texas Instruments.
Before I start, I want to mention if you have questions you’d like to ask during the presentation, you should have a link to the Pigeonhole Forum. You can submit them, and we will have time for Q&A at the end.
So TI used to be thought of as sort of the boring semiconductor. I think you were proud of it actually. They sort of wore that with pride. But, well, it’s been a little less boring, I think, lately as they’ve embarked on a program of significant capacity expansion here in the US that at least temporarily has sidelined some of the cash flow and return that was always part of the thesis. But look, TI, they always think long-term, and now we’re kind of approaching the tail end of that investment strategy.
The company believes those investment seeds that they planted will be growing into even more cash and cash flow in the years ahead with a footprint that may leave them very well advantaged in a world that’s becoming increasingly decoupled, which I’m sure we will be talking all about today. And so to tell us all about it, it’s my great pleasure to welcome Haviv.
So thank you so much for being with us
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