What is Texas Instruments?
The world's largest analog semiconductor company — powering industrial, automotive, and data-center electronics since 1930.
- Category
- Analog & Embedded Semiconductors
- Headquarters
- Dallas, Texas, USA
- Founded
- 1930
- Employees
- ~33,000 (Dec 2025)
- 2025 Revenue
- $17.68 billion
- Market Cap (June 2026)
- ~$278 billion
What is Texas Instruments?
Texas Instruments (TI) is the world's largest analog semiconductor company, designing, manufacturing, and selling more than 80,000 analog and embedded-processing chips used across industrial, automotive, data-center, personal electronics, and communications markets. In 2025 the company generated $17.68 billion in revenue — a 13% rebound — and carries a market capitalization of roughly $278 billion as of June 2026.
Founded in 1930 as Geophysical Service Inc., an oil-exploration geophysics firm, TI transformed into a semiconductor titan after Jack Kilby invented the first integrated circuit at TI on September 12, 1958 — a breakthrough that earned Kilby the Nobel Prize in Physics in 2000. The company was renamed Texas Instruments in 1951, went public on the NYSE in 1953, and transferred its listing to NASDAQ effective January 3, 2012, where it trades under the ticker TXN. Today TI's Analog segment — amplifiers, data converters, power-management ICs, motor drives, clocks, and interface products — accounts for $14.01 billion (79%) of 2025 revenue, while its Embedded Processing segment (microcontrollers, digital signal processors, wireless connectivity chips) contributes $2.70 billion (approximately 15%).
TI's products are the invisible infrastructure inside virtually every electronic system: EV powertrains, factory robots, MRI machines, data-center servers, and smart-home devices all rely on TI silicon. Industrial and automotive end markets together represented approximately 70% of 2025 revenue, underscoring TI's deep ties to long-cycle capital-equipment buyers rather than consumer-device makers.
In Q1 2026 revenue grew 19% year-over-year to $4.83 billion, led by data-center demand (+90% YoY) and industrial (+30% YoY), signaling a strong up-cycle following the 2023–2024 inventory correction. For Q2 2026, TI guided revenue of $5.0–$5.4 billion, suggesting the recovery is broadening. Over the trailing twelve months through Q1 2026, free cash flow reached $4.35 billion — up 154% year-over-year — as the company's 300 mm manufacturing investments began generating returns.
What does Texas Instruments offer?
TI offers more than 80,000 semiconductor products spanning analog signal chain, power management, embedded processing, wireless connectivity, and application-specific ICs, serving over a dozen end markets.
- Amplifiers & Comparators· Analog
- Data Converters (ADC/DAC)· Analog
- Power Management ICs· Analog
- Motor Drivers· Analog
- Clock & Timing· Analog
- Interface & Logic· Analog
- Sensing & Signal Conditioning· Analog
- Microcontrollers (MCU)· Embedded Processing
- Digital Signal Processors (DSP)· Embedded Processing
- Application Processors· Embedded Processing
- SimpleLink Wi-Fi / Bluetooth / Sub-1 GHz· Wireless Connectivity
- mmWave Radar· Sensing
- DLP Projection Chips· Specialty
- Graphing & Scientific Calculators· Specialty
- Reference Designs & Evaluation Kits· Developer Tools
How does Texas Instruments make money?
TI sells semiconductor components — analog chips, power-management ICs, microcontrollers, and DSPs — to OEMs and contract manufacturers through direct sales, third-party distributors, and ti.com. Revenue is purely unit-based with prices negotiated per design win and per-order volume.
Component pricing ranges enormously by product family. A simple logic gate or small-signal MOSFET may sell for a few cents per unit, while a high-resolution data converter or automotive-grade power-management IC can fetch $5–$30+ per unit in volume. High-complexity processors and radar SoCs can run $10–$100+ each at production volumes. TI does not publish a standard price list for most products; OEM prices are set through design-win negotiations and are volume-tiered — orders of millions of units per year command steep discounts that reinforce switching costs once a part is designed into a product.
Gross margin in 2025 ran at approximately 58%, reflecting TI's vertically integrated manufacturing model. The company owns 12 wafer fabs and 7 assembly/test factories, giving it cost control that rivals who outsource fabrication cannot match. Operating income for full-year 2025 was $6.02 billion (34.1% operating margin), with net income of $5.0 billion on $17.68 billion revenue — a net margin of approximately 28%.
TI is completing a multi-year CapEx program that spent approximately $4.6 billion in 2025, down from peak years, as the 300 mm fabs in Sherman, Texas and Lehi, Utah come online. For 2026, TI has guided CapEx down sharply to $2–3 billion as major construction winds down, which will structurally release free cash flow. The company returned approximately $6.5 billion to shareholders through dividends and buybacks in 2025, continuing its 21-year streak of consecutive dividend growth.
Who leads Texas Instruments?
TI is led by Chairman, President & CEO Haviv Ilan and a senior team of long-tenured internal executives. Nearly every C-suite leader joined TI before 2005 and rose through operational roles, reflecting TI's culture of methodical capital allocation and long-cycle decision-making.
- Haviv IlanChairman, President & CEOCEO since Apr 2023; Chairman since Jan 2026; TI since 1999Co-founded Israeli RF chip startup Butterfly VLSI Ltd. (acquired by TI in 1999 for ~$50M); led Analog and Embedded Processing businesses before becoming EVP & COO in 2020.
- Rafael LizardiSenior VP & CFO (retiring Aug 2026)CFO since 2016; TI since 2001West Point graduate and Stanford MBA; architect of TI's 'free cash flow per share' capital-allocation framework; retiring after 25 years.
- Julie KnechtIncoming CFO (effective Aug 1, 2026)TI since 1999Chief Accounting Officer and VP of Accounting & Tax since 2021; Texas A&M BS and UT Austin MBA; CPA; annual salary $700,000 in new role; succeeds Lizardi.
- Ahmad BahaiSenior VP & CTOTI since 2012 (via National Semiconductor acquisition)Ph.D. EE from UC Berkeley; leads Kilby Labs and corporate research; key architect of TI's edge-AI and data-converter roadmap.
- Krunali PatelSenior VP & CIOTI since 1996Leads TI's Information Technology Solutions organization; prior roles in manufacturing automation IT; holds MS in EE from Michigan State University.
- Mohammad YunusSenior VP, Technology & ManufacturingLong-tenured TI executiveOversees TI's 15-facility global manufacturing network and the 300 mm fab expansion program in Texas and Utah.
How do you contact Texas Instruments's leadership?
TI's most common verified employee email pattern is [first_initial]-[last]@ti.com (e.g., h-ilan@ti.com), used by approximately 35% of employees per RocketReach data. Published investor-relations contacts are available at investor.ti.com/resources/contact-us. The personal executive emails listed below follow the verified company pattern but are not independently confirmed; treat as directional only.
h-ilan@ti.comHow much funding has Texas Instruments raised?
Texas Instruments is a publicly traded company (NASDAQ: TXN) with a market capitalization of approximately $278 billion as of June 2026. It has never raised venture or private-equity funding — TI went public on the NYSE in 1953 and has self-funded growth ever since through operating cash flow, debt issuance, and equity markets.
TI listed on the New York Stock Exchange in October 1953 via a merger with Intercontinental Rubber Company, giving it access to public capital markets from an early stage. The company transferred its listing to NASDAQ effective January 3, 2012, and has traded under the ticker TXN since. Growth has historically been self-funded: TI generated $7.2 billion in operating cash flow in 2025 and deployed capital into R&D (over $1.8 billion annually), CapEx ($4.6 billion in 2025), dividends, and share buybacks rather than equity dilution.
For manufacturing expansion, TI has relied on a combination of debt, operating cash, and — notably — government support. In December 2024, TI finalized a CHIPS and Science Act award of up to $1.6 billion in direct federal funding, plus an estimated $6–8 billion in Investment Tax Credits for its three new 300 mm fabs in Texas and Utah. This non-dilutive capital is the most significant external financing TI has accepted since its NYSE IPO. TI also uses debt selectively for large acquisitions: the $6.5 billion all-cash acquisition of National Semiconductor in 2011 and the pending $7.5 billion all-cash acquisition of Silicon Labs (announced Feb 2026; HSR waiting period expired May 22, 2026; expected to close H1 2027) were both financed with cash and new debt.
TI's balance sheet as of end-2025 carried approximately $10 billion in long-term debt against $9+ billion in cash and equivalents — comfortably investment-grade (Moody's: A2, S&P: A+). The Silicon Labs deal is expected to generate approximately $450 million in annual synergies within three years of close, and will add Silicon Labs' embedded wireless connectivity portfolio to TI's Embedded Processing segment.
How did Texas Instruments get here?
TI's 95-year arc runs from oil-field instruments to the integrated circuit, from calculators to the world's largest analog semiconductor franchise.
- Apr 23, 1930Founded as Geophysical Service Inc.Physicists John Clarence Karcher and Eugene McDermott found GSI to use seismic reflection to survey oil fields — TI's original business.
- Dec 6, 1941Private buyout — ~$300,000Eugene McDermott, Cecil Green, J. Erik Jonsson, and H.B. Peacock acquire GSI for roughly $300,000, bootstrapping its transition to electronics manufacturing.
- 1951Renamed Texas InstrumentsThe company reorganizes, renames itself Texas Instruments Incorporated (briefly called General Instruments), and pivots from geophysics to electronics manufacturing.
- Oct 1, 1953NYSE IPO via merger with Intercontinental RubberTI goes public on the NYSE, accessing permanent equity capital. Transferred its listing to NASDAQ effective January 3, 2012, where it trades as TXN.
- 1954First commercial silicon transistorTI produces the world's first commercial silicon transistor, formally entering the semiconductor industry.
- Sep 12, 1958Jack Kilby invents the integrated circuitTI engineer Jack Kilby demonstrates the first working integrated circuit on September 12, 1958, launching the modern electronics age; Kilby receives the Nobel Prize in Physics in 2000.
- Sep 2011$6.5B acquisition of National SemiconductorTI completes the largest acquisition in its history at the time, adding precision analog products, 5,000+ employees, and fab capacity; Analog becomes more than 50% of TI revenue.
- Jan 2012Transfers listing to NASDAQTI moves from NYSE to NASDAQ Global Select Market effective January 3, 2012, trading under ticker TXN.
- Dec 2024$1.6B CHIPS Act award finalizedTI finalizes a CHIPS and Science Act award of up to $1.6 billion in direct federal funding plus $6–8 billion in Investment Tax Credits for three new 300 mm fabs in Texas and Utah.
- Dec 2025Sherman, TX SM1 fab opensTI officially opens its first new Sherman, Texas 300 mm fab (SM1), the first of four planned fabs at that site, as its multi-year capacity expansion begins bearing fruit.
- Feb 4, 2026Announces $7.5B acquisition of Silicon LabsTI agrees to acquire Silicon Labs for $231/share in all-cash, expected to close H1 2027, to become the global leader in embedded wireless connectivity. HSR waiting period expired May 22, 2026.
Who are Texas Instruments's competitors?
TI competes primarily with Analog Devices, Infineon, NXP Semiconductors, ON Semiconductor, Microchip Technology, and STMicroelectronics across analog and embedded-processing markets.
- Analog DevicesTI's closest analog rival — ADI focuses on high-precision signal chain and industrial/healthcare instrumentation; TI has broader product breadth and more internal manufacturing.
- Infineon TechnologiesStrong in automotive power semiconductors and security chips; Infineon leads in SiC power devices where TI is less dominant.
- NXP SemiconductorsDirect automotive microcontroller and connectivity rival; NXP explicitly names TI as a primary competitor and has stronger automotive MCU share.
- ON SemiconductorCompetes in power and analog; ON is aggressively investing in SiC MOSFETs for EV powertrains, a market TI is also targeting.
- Microchip TechnologyEmbedded microcontroller competitor; Microchip has strong 8/16-bit MCU market share and a loyal embedded developer base.
- STMicroelectronicsEuropean analog and MCU rival; ST competes across motor control, IoT, and automotive with a similarly broad catalog but heavier Europe/China exposure.
Texas Instruments — frequently asked questions
