Texas Instruments Inc at Citi Global Technology Conference Transcript

Sep 07, 2022 / 01:00PM GMT
Christopher Brett Danely - Citigroup Inc., Research Division - MD & Analyst

Hi everyone. Thanks very much. I'm Chris Danely, 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 Instruments. Today, we have the Chairman, President, CEO. There's probably a few other monikers and initials after his name. He does so many things around there, Rich Templeton. As those of you who have followed my research over the years now, TI has been one of our favorite semiconductor stocks for at least a decade, if not more, for a combination of really 2 factors: one, the market they're in, high-end analog, which we consider the best market in semi, is one of the best markets out there; and then number two, this man standing to my left, Rich Templeton.

If you look at these statistics, which even a semiconductor sell sider like myself can determine, the margins have gone up for, I believe, basically 20 years since Rich took over, hitting new highs every upturn

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