TXN, Hitex Team Up, Launch Safety Kit

Zacks

Texas Instruments (TXN) or "TI” recently announced its collaboration with Hitex Development Tools for the launch of the SafeTI Hitex Safety Kit.

The next-gen kit is capable of hardware fault injection, application and profiling of fault diagnostics and system response monitoring in real-time. Thus, SafeTI Hitex Safety Kit helps customers to evaluate the performance of components which are to be used in safety-critical designs.

The kit further includes host-based graphical-user interface (:GUI), which enables fault detection, applying diagnostics, profiling run-time of fault diagnostics, time-stamp system response and set configurations. It also comes with an on-board JTAG emulator, accelerometer, CAN transceiver, LCD module, temperature sensor, USB Hub controller and communication port converter.

The collaboration will provide a boost to TI’s broad portfolio of microcontrollers (MCUs) and software, which includes ultra-low-power MSP MCUs, real-time control C2000 MCUs, Tiva ARM MCUs and Hercules ARM MCUs.

Thus, TI’s constant endeavor to develop products targeting different applications such as microcontroller, factory automation, smart grid, high-voltage power, LED lighting and control may boost its revenue growth in the future.

In the first quarter of fiscal 2013, TI generated total revenue of $2.89 billion, which was down 3.2% sequentially and 7.6% year over year (slightly better than the mid-point of the recently narrowed guidance range of $2.80 billion to $2.91 billion).

The Analog business fell 1.3% sequentially and 2.3% year over year. TI attributed the year-over-year decline primarily to SVA, which continues to shift to a consignment model. HVAL and HPA also declined but were offset by an increase in the power management product line.

Texas Instruments has a Zacks Rank #3 (Hold). Other semiconductor stocks that are worth considering include Linear Technology Corp. (LLTC), ON Semiconductor Corp. (ONNN) and Intersil Corp. (ISIL), all carrying a Zacks Rank #2 (Buy).

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