Texas Instruments Incorporated Conference Call Summary Company Overview - **Company**: Texas Instruments Incorporated (NASDAQ: TXN) - **Event**: Credit Suisse 26th Annual Technology Conference - **Date**: November 29, 2022 Key Industry Insights - **Market Cycles**: Texas Instruments (TI) emphasizes a long-term perspective, focusing on preparing for future opportunities rather than solely reacting to current market cycles. The company acknowledges the cyclical nature of the semiconductor industry but prioritizes strategic planning for the next decade [2][20]. - **Sector Performance**: The company has observed varying performance across sectors, with personal electronics and notebooks showing weakness, while automotive remains stable. TI anticipates corrections in these markets but does not predict exact timing [3][4]. - **Industrial Growth**: TI is optimistic about the industrial sector's growth potential, citing a strong position in industrial and automotive markets, with a market share above 60% as of 2021. The company is preparing for significant growth in the next 10 years [6][14]. Strategic Initiatives - **Capital Expenditure (CapEx)**: TI is investing in capacity ahead of demand, with a focus on maintaining a competitive edge through its own manufacturing capabilities. The company believes it is better to invest early rather than late in the cycle [7][9][20]. - **Geopolitical Dependability**: TI is focusing on creating a reliable supply chain that reassures customers about the origin and availability of parts, which is crucial for long-term relationships [10][11]. - **R&D Focus**: TI maintains a steady investment in R&D, particularly in analog and embedded systems, ensuring that products are competitive in terms of cost and performance. The company has reallocated R&D resources to align with its competitive advantages [23][24][27]. Competitive Landscape - **Market Position**: TI's strategy differs from competitors like Analog Devices, as TI does not rely on long-term supply agreements due to its ownership of manufacturing plants. This allows for greater flexibility and responsiveness to market changes [15][16][18]. - **China Market**: TI acknowledges the competitive nature of the Chinese market, where local companies pose challenges. However, TI believes its breadth of product offerings and manufacturing control provide a competitive advantage [30][31]. Financial Outlook - **Pricing Strategy**: TI adopts a steady pricing approach, focusing on long-term market share rather than short-term price competition. The company aims to ensure that pricing does not hinder customer adoption [33][39]. - **Cash Flow Projections**: TI anticipates that investments in new manufacturing capacity will lead to improved free cash flow starting in 2023-2024, contingent on market conditions and revenue growth [40][41]. Additional Considerations - **Supply Chain Management**: TI emphasizes the importance of controlling input costs and manufacturing capacity to mitigate risks associated with inflation and supply chain disruptions [36][37]. - **Long-term Investments**: The company is committed to making substantial investments in capacity and technology, viewing these as essential for future growth despite potential short-term downturns [39][41].

Texas Instruments Incorporated (NASDAQ:TXN) Q3 2022 Earnings Conference Call October 25, 2022 4:30 PM ET Company Participants Dave Pahl - Head, Investor Relations Rafael Lizardi - Chief Financial Officer Conference Call Participants Timothy Arcuri - UBS Vivek Arya - Bank of America Securities Joshua Buchalter - Cowen Stacy Rasgon - Bernstein Research Blayne Curtis - Barclays Ross Seymore - Deutsche Bank Joe Moore - Morgan Stanley William Stein - Truist Security C.J. Muse - Evercore Dave Pahl Welcome to the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $1.00 TXN The Nasdaq Global Select Market FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT O ...

Texas Instruments Incorporated (NASDAQ:TXN) Company Conference Call September 7, 2022 9:00 AM ET Company Participants Rich Templeton - Chairman, President, Chief Executive Officer Conference Call Participants Chris Danley - Citigroup Unknown Speaker - Chris Danley Thanks very much. I’m Chris Danley, your friendly neighborhood semiconductor analyst here at Citi. It’s my distinct pleasure to kick off the tech conference semiconductor-wise with the reference standard company in our opinion for semis, Texas In ...

Texas Instruments Incorporated (NASDAQ:TXN) Q2 2022 Earnings Conference Call July 26, 2022 4:30 PM ET Company Participants Dave Pahl - Head, Investor Relations Rafael Lizardi - Chief Financial Officer Conference Call Participants Stacy Rasgon - Bernstein Research Vivek Arya - Bank of America Ross Seymore - Deutsche Bank Joe Moore - Morgan Stanley Chris Danley - Citi Toshiya Hari - Goldman Sachs Harlan Sur - JPMorgan C.J. Muse - Evercore Ambrish Srivastava - BMO Securities Dave Pahl Welcome to Texas Instrume ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $1.00 TXN The Nasdaq Global Select Market FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 ...

Good day and welcome to the Texas Instruments first quarter 22 earnings release conference call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Mr. Dave Paul. Please go ahead, sir. Good afternoon and thank you for joining the first quarter 2022 earnings conference call. For any of you who missed the release, you can find it on our website at ti.com slash IR. This call is being broadcast live over the web and can be accessed through our website. A replay will be a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $1.00 TXN The Nasdaq Global Select Market FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-03761 TEXAS INSTRUMENTS INCORPORATED (Exact Name of Registrant as Specified in Its Charter) Delaware 75-0289970 (State of I ...