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Texas Instruments (TXN) unveils DRV7308 gallium nitride (GaN) intelligent power module in a bid to expand its product portfolio.
Texas Instruments (TXN) concluded the recent trading session at $197.44, signifying a -0.09% move from its prior day's close.
DALLAS , June 11, 2024 /PRNewswire/ -- Texas Instruments (TI) (Nasdaq: TXN) today introduced the industry's first 650V three-phase GaN IPM for 250W motor drive applications. The new GaN IPM addresses many of the design and performance compromises engineers typically face when designing major home appliances and heating, ventilation and air-conditioning (HVAC) systems.
Texas Instruments Incorporated (NASDAQ:TXN ) BofA Securities 2024 Global Technology Conference June 5, 2024 6:20 PM ET Company Participants Rafael Lizardi - CFO & SVP, Finance & Operations Mike Beckman - IR Conference Call Participants Vivek Arya - Bank of America Vivek Arya Delighted and honored to have the team from Texas Instruments join us. Rafael Lizardi, the Chief Financial Officer; and Mike Beckman from the Investor Relations team.
Texas Instruments (TXN) closed at $196.08 in the latest trading session, marking a +1.44% move from the prior day.
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The activist investor has taken a $2.5 billion position in the semiconductor manufacturer.
Texas Instruments CEO Haviv Ilan said the company was open to a "constructive dialogue" with activist investor Elliott, and signalled that the company would weigh realigning capex and free cash flow per-share, something the activist had asked for earlier this week. TI remains a juggernaut in the analog semiconductor business but has seen its FCF per share, a key metric, suffer as it grows out its fab capacity in recent years.
Activist investor Elliott Management has taken a $2.5 billion stake in Dallas-based semiconductor giant Texas Instruments, blaming the company for lagging stock market returns and overspending.
Texas Instruments (TXN) shares edged higher Tuesday after activist investor Elliott Investment Management announced it had a $2.5 billion stake in the chipmaker and called on management to improve free cash flow.