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.
TI remains a juggernaut in the analog semiconductor business but has seen its FCF per share, a key metric, suffer as it grows out its fab capacity in recent years. Elliott has asked the company to reassess its capex strategy and set a new FCF target in order to improve shareholder returns.
Analog semiconductors have long been TI's bread and butter. Analog semiconductors measure relatively straightforward data — temperature level or an electrical current, for example — compared to the more technologically advanced digital semiconductors that power computers. But it remains a
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