Texas Instruments Incorporated (TXN) Bernstein's 41st Strategic Decisions Conference - (Transcript)

Company Overview - Texas Instruments (TI) has historically been perceived as a "boring" semiconductor company, a label the company embraced [3] - Recently, TI has initiated a significant capacity expansion program in the US, which has temporarily impacted cash flow and returns [3] Investment Strategy - The company is focused on long-term growth, believing that the investments made will lead to increased cash flow in the future [4] - TI's strategic positioning is expected to provide advantages in a world that is becoming increasingly decoupled [4]