Texas Instruments shareholder Elliott Investment commends CEO announcements

Elliott Investment released a statement regarding Texas Instruments. Highlights of the statement include: “We commend Texas Instruments on the positive shareholder engagement and capital allocation initiatives announced by CEO Haviv Ilan on today’s earnings call. We are looking forward to the special Capital Management event in August, where the Company will detail its fab strategy and introduce a new framework for revenue and free cash flow scenarios…we are supportive of Texas Instruments’ strategy to build the world’s largest footprint of geopolitically dependable, 300-mm analog semiconductor capacity, and we continue to believe that this strategy is compatible with robust free cash flow generation in the coming years. We appreciate the constructive dialogue that we have established with Texas Instruments, and we believe the steps announced today will support long-term value creation for all of its shareholders”. Elliott Investment manages approximately $65.5B of assets as of December 31, 2023.