Full-Time
Analog and embedded processing semiconductors
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Bengaluru, Karnataka, India
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TI designs and manufactures semiconductors, focusing on analog and embedded processing chips used by OEMs in automotive, industrial, consumer electronics, communications, and enterprise systems. Analog chips convert real‑world signals into digital data, while embedded processing chips act as the device’s brains to run specific tasks. It differentiates itself through a broad, proven portfolio, long-standing OEM relationships, and a global manufacturing footprint, alongside CSR efforts and a strong focus on employees (TIers). Its goal is to provide reliable semiconductor solutions that help customers build efficient, capable products across industries while supporting sustainable practices and community initiatives.
Company Size
10,001+
Company Stage
IPO
Headquarters
Dallas, Texas
Founded
1951
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Texas Instruments halves capital spending as CHIPS cash triples. Texas Instruments cut capital expenditures by half to $1.19 billion in the first six months of 2026 while collecting $1.41 billion of CHIPS Act cash and all but halting buybacks, according to its latest Form 10-Q filing with the SEC. The Market Context in 60 Seconds * 01 Texas Instruments filed its quarterly report on Form 10-Q on Friday, July 24, and the cash flow statement shows capital expenditures of $1.19 billion for the first six months of 2026, down 51% from $2.43 billion in the same period a year earlier. * 02 Over those same six months it recorded a total cash benefit of $1.41 billion related to the CHIPS Act, against $463 million a year earlier. That is $1.10 billion of incentive proceeds plus $301 million of investment tax credits used to reduce income taxes payable. * 03 The federal cash therefore exceeded the capital spending it supports by $215 million, and the effective tax rate for the half was 11%, against a 21% US statutory rate. * 04 Share repurchases nearly stopped, at $185 million for the half against $955 million a year earlier, while dividends absorbed $2.59 billion and the diluted share count rose to 920 million from 912 million. * 05 In June the company opened a $5 billion delayed draw term loan facility to help fund its agreed $7.5 billion all-cash purchase of Silicon Labs, which is where the freed-up capital is now pointed. What the cash flow statement shows. The earnings release on Wednesday led with the income statement, and it was a strong one. Revenue at Texas Instruments reached $5.46 billion in the second quarter, up 22.8% from a year earlier, gross margin widened to 61.4% from 57.9%, and net income rose 52.9% to $1.98 billion, or $2.14 a diluted share. The Form 10-Q, filed two days later, repeats that income statement and then adds the statement of cash flows, which the release does not lead on. Capital expenditures, the money spent on new plant and equipment, came to $1.19 billion for the first half. That is roughly half the $2.43 billion spent in the first half of 2025, and the lowest first half since 2022. It ends three consecutive years at or above $2.3 billion, spent while the company built out its 300mm factories. The line the subsidy crosses. Set against that spending is a line the filing labels plainly. Proceeds from CHIPS Act incentives, the cash payments the company receives under the 2022 federal law that supports semiconductor manufacturing in the United States, were $1.10 billion for the half, against $260 million a year earlier. A further $301 million of investment tax credit was used to reduce income taxes payable, up from $203 million. The filing adds the two and calls the result the total cash benefit related to the CHIPS Act: $1.41 billion, more than three times the $463 million of a year earlier. Put the two figures side by side and the ordering has flipped. In the first half of 2026 the federal cash benefit was $215 million larger than the capital spending it supports. The same filing shows the effective tax rate for the half at 11%, which the company attributes to the effect of US tax benefits, against the 21% federal statutory rate. Cash from operations rose to $4.22 billion from $2.71 billion. Money leaving by a different door. The company describes free cash flow per share as the best metric by which owners can measure its progress, and the 10-Q reports $6.5 billion of free cash flow over the past 12 months. What has changed is where that cash goes. Share repurchases fell to $185 million for the half from $955 million, small enough that the diluted share count rose to 920 million from 912 million rather than shrinking. Dividends, by contrast, took $2.59 billion, up from $2.47 billion. The gap is pointed at an acquisition. The filing confirms the February agreement to buy Silicon Labs for $231.00 a share in cash, an enterprise value of about $7.5 billion, and discloses that in June the company entered a 364-day delayed draw term loan facility for borrowings of up to $5 billion to support that consideration. Nothing was drawn on it at June 30. Acquisition charges of $34 million have already run through the first half. What to watch. 1. Whether the capital spending step-down holds. Two more quarters at the first-half pace would put 2026 well below the roughly $4.8 billion annual run rate of the build-out years, and the second-half figure is the first clean read on whether the 300mm program has moved from construction to operation. 2. The CHIPS Act line itself. The $1.10 billion of incentive proceeds landed in six months against $260 million a year earlier, and because these are milestone-linked payments rather than a recurring subsidy, the comparison in later periods will show whether 2026 was the peak collection year. 3. The Silicon Labs close and the $5 billion facility. Drawing on the term loan would be the first material new borrowing in a balance sheet already carrying long-dated notes, and it would settle whether the buyback pause was a funding decision or a lasting change in how the company returns cash. Verified as of July 26, 2026.
Texas Instruments has raised its dividend by 4% in 2025, marking 22 consecutive years of increases. The world's largest analog semiconductor maker currently offers a 2.9% dividend yield and has boosted its dividend by 273% over the past decade. Despite heavy capital expenditure on a new $30 billion fabrication facility in Sherman Oaks, Texas, which began production in December, the company maintained steady dividend growth. With capital spending set to slow from $5 billion to between $2 billion and $5 billion annually, free cash flow is expected to increase from $2.9 billion in 2025. The company reported $17.7 billion in revenue for 2025, up 13%, whilst earnings per share grew 4.8% to $5.45. Texas Instruments' analog chips serve growing demand in AI data centres, with sales to that sector rising 70% year over year.
Texas Instruments (NasdaqGS:TXN) has completed its US$7.5b acquisition of Silicon Labs, marking a major portfolio and scale change for the analog and embedded processing business. The company has also reduced its 2026 capital expenditure guidance, with management pointing to improved free cash flow and significant cost synergies tied to the integration. These moves represent a new phase for NasdaqGS:TXN, separate from recent product launch news, with implications for its cost base, product...
Texas Instruments has raised its dividend for 22 consecutive years and could eventually become a Dividend King, according to analysts, despite being overshadowed by AI-focused chipmakers. The company currently offers a 3% dividend yield, near the high end of its historical range. The chipmaker produces analog chips that convert real-world events into digital signals, essential components used across industries from data centres to mobile phones. Fourth-quarter 2025 sales to data centres rose 70% year over year, demonstrating demand for its products even in AI applications. Texas Instruments serves over 100,000 customers with more than 80,000 products. The company recently announced plans to acquire Silicon Labs whilst making capital investments for future growth. It increased its dividend by 4% in 2025.
Small towns in Texas where investors are gaining the most value in 2026. Reading Time: 10 mins read After years of rapid price growth and frantic bidding wars, Texas's real estate market is more balanced and strategy-driven. For investors searching for the best small towns in Texas for investment properties, the shift could not have come at a better time. Texas continues to be one of the fastest-growing states in the country. The state added over 2 million residents between 2020 and 2024, with the majority coming from net migration. No state income tax, a diversified economy, and a business-friendly reputation continue to draw people in. But while cities like Austin and Dallas are facing affordability pressures, the small towns on their outskirts are gaining momentum. Mortgage rates have settled into the low-to-mid 6% range. Statewide home prices are expected to grow between 1.3% and 4.4% this year. And with about 5.2 months of housing supply on the market, there's finally room for investors to take their time, run the numbers, and negotiate. Here is a look at the small towns across Texas that stand out for their investment potential right now. Sherman: the silicon prairie of north Texas. About an hour north of Dallas, Sherman has gone from a quiet agricultural town to one of the most talked-about real estate markets in the state. The reason comes down to one thing: semiconductors. Texas Instruments announced a $60 billion investment to build four semiconductor fabrication plants in Sherman - the largest foundational chip manufacturing project in U.S. history. The first fab began production in late 2025, just three years after breaking ground. When fully operational, the project is expected to support more than 60,000 jobs nationwide, with a large share based in the Sherman area. That kind of industrial activity has a direct impact on housing. Home values in Sherman have climbed 124% over the past decade. By February 2026, the median home value reached nearly $268,600, and monthly home sales also surged by over ~50%. Infrastructure is another sign worth paying attention to. Sherman recently wrapped up a $200 million water expansion project, including a 16-mile pipeline from Lake Texoma. When a city invests that heavily in its water supply, it's planning for decades of residential and industrial growth - a strong signal for investors. Princeton, Anna, and Melissa: the DFW outer ring. Not far from Sherman, the small towns of Collin County have become the go-to landing spots for families and professionals priced out of Frisco and McKinney. Each one offers a slightly different opportunity for investors. Princeton. According to the U.S. Census Bureau, Princeton grew by 30.6% in a single year, making it the fastest-growing city in the country. Its population more than doubled between 2020 and 2025, jumping from about 17,500 to over 37,000. The draw is affordability. Median home prices in McKinney sit above $500,000. In Princeton, the entry point is around $300,000-$345,000. Median rent is $1,822 per month, which creates a solid rent-to-price ratio for landlords. The town has also adopted zoning that supports mixed-income, multi-story housing with ground-floor retail - a forward-thinking approach that could support long-term density. Anna and Melissa. Anna and Melissa are often grouped, but they serve different types of investors. Anna's 14.6% growth rate is fueled by budget-conscious families attracted to the highly rated Anna ISD and newer neighborhoods with community amenities. Melissa takes a more premium approach. With a 10% growth rate and a median price of about $365,000, its biggest draw is a school district that consistently ranks in the top 5% of Texas. Homes in A-rated school zones historically sell faster and hold value better during downturns. For investors, Melissa is a stability play. Taylor, Hutto, and the Samsung Corridor. Austin's growth has pushed steadily northward, creating what locals now call the "Tech Corridor" along I-35. The anchor of this expansion is Samsung's $17 billion semiconductor facility in Taylor - the largest foreign direct investment in Texas history. Taylor & Hutto. The Samsung plant is expected to create over 2,000 direct jobs and 20,000 additional positions in the region. As the facility ramps up, housing demand in the area has surged significantly. There's an interesting tax benefit here, too. As large industrial players like Samsung begin paying full property taxes, the burden on residential homeowners in Taylor ISD and Hutto ISD is expected to stabilize. In Texas, where property taxes are the primary cost of ownership, that kind of relief makes a real difference. Hutto stands out as one of the most affordable options in Williamson County, with a median price around $320,000. Its Co-Op District has expanded significantly, giving the town the kind of walkable retail and dining amenities that attract younger professionals. Jarrell and liberty Hill. Further up I-35, Jarrell is growing at about 13.95% annually, largely because its developable land is much cheaper than what you'd find in Georgetown or Round Rock. Median prices are still under $300,000. Liberty Hill, west of Georgetown, is seeing an even faster pace at 14.72%, driven by spillover from Leander and Cedar Park. Both towns are what some investors call "land-grab plays" - the goal is to get in before the next decade of northern Austin expansion fills in around them. Fulshear: Houston's master-planned boom. In Houston, it's all about master-planned communities, and Fulshear, located in Fort Bend County, is leading the charge. The city's population has grown by over 315.14% since the 2020 census, making it one of the fastest-growing cities in the country. This isn't an affordability play. The city-wide median is closer to $560K-$608K, while the upper end reflects premium neighborhoods like Fulbrook. The investment case here is built around quality of life. Cross Creek Ranch, for example, posted nearly 10% year-over-year price gains, well ahead of the broader Houston market. The upside for investors right now? Fulshear's market has shifted toward more balanced conditions. Inventory in the Katy-Fulshear area rose nearly 40% year-over-year in 2025, giving buyers significantly more negotiating power than in recent years. South of Houston, towns like Manvel and Iowa Colony follow a similar model but at a lower price point, giving investors exposure to the Houston market without the premium entry cost. Seguin: the San Antonio Corridor's best-kept secret. Seguin sits right on I-10 with a quick commute to San Antonio, and it's one of the few small towns in Texas where homes under $250,000 are still consistently available. In early 2026, Seguin is a clear buyer's market. Median prices sit around $280,000-$300,000, and homes typically take 90 to 120 days to sell. With a sale-to-list ratio under 95%, there's meaningful room for negotiation. There's also a sign of institutional confidence here. A 282-unit multifamily project recently broke ground to serve Seguin's growing manufacturing workforce. When large developers start building rental projects in a small town, it usually means they see long-term demand that isn't going away. Port Aransas and Galveston: coastal short-term rentals. Coastal Texas real estate is a niche that revolves almost entirely around short-term rentals. Port Aransas and Galveston are the two strongest markets, though they attract very different types of investors. Port Aransas. Port Aransas is widely considered one of the best spots for rental ROI on the Texas coast. The median home price sits around $600,000. Typical vacation rental properties earn an average daily rate in the $360-$480 range, with annual revenue averaging $57,000-$72,000. Top performers can bring in $120,000 or more. One thing to keep in mind: over half of listings now require a 30-plus-night minimum stay. That signals a shift toward longer vacation commitments, which changes how investors should model occupancy and cash flow. Galveston and budget-friendly alternatives. Galveston is Houston's go-to weekend getaway, with a median price around $350,000. South Padre Island sits at roughly $440,000-$455,000 and pulls strong occupancy rates of 38% for short-term rentals. For investors watching their budget, Corpus Christi offers the lowest entry at roughly $218,000. Annual revenue typically ranges from about $22,000 to $31,000, and at 44% occupancy, it's a solid cash-flow play. Choosing the right town for your goals. The best small towns in Texas for investment properties depend on what you're trying to achieve. The 2026 market rewards patience and research over speed, and there's no shortage of options. The state remains the top destination for migration and corporate investment in the country, and the small towns on the edges of its biggest cities are the ones benefiting most. For investors willing to do their homework, the current window offers more choice, more leverage, and a clearer path to long-term returns.