Dallas-based Texas Instruments is a global, vertically integrated producer of analog and embedded processing semiconductors. It serves key end markets including industrial, automotive, and communications infrastructure. Recent acquisitions and divestitures have increased the focus on nontraditional end markets while lessening the company's exposure to computing, mobile communications, and consumer electronics. The September 2011 acquisition of National Semiconductor (now Silicon Valley Analog) significantly increased exposure to industrial, automotive, aerospace-defense, instrumentation, and other high-value-added and long-cycle markets. The company is exiting consumer-device apps processing and connectivity and is completing its exit from the DSP baseband business.
James Kelleher, CFADirector of Research & Senior Analyst Technology