Texas Instruments CEO Haviv Ilan signaled an openness to speak with activist investor Elliott, and suggested that the company might adopt some of its proposals.
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.
Elliott has asked the company to reassess its capex strategy and set a new FCF target in order to improve shareholder returns.CEO Haviv Ilan signaled on Thursday that the semiconductor giant would be open to a "constructive dialogue" with activist investor Elliott, and In his comments on Thursday, Ilan suggested the company would be willing to go beyond that $9 ask, pointing to Texas Instruments' FCF trendline, which showed the company reaching $12 per share in 2026 and $13.3 by 2027.The CEO also said capital allocation beyond 2026 would be determined "based on where revenue is." That could be from 0% to 10%, Ilan added.
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