Texas Instruments says seeing ‘very broad demand signal’ in industrial

Speaking at the Morgan Stanley Technology, Media & Telecom Conference, Haviv Ilan, the chairman, president, and CEO of Texas Instruments (TXN), stated in part: “We are seeing a maybe a different change in industrial versus a year ago. Because the breadth of the growth in Q4. I look at Q4, we grew close to 20% year on year in industrial. Finally, we are starting to see a very broad demand signal. Not only aerospace and defense, not only energy infrastructure, that are kind of AI-related. Yeah, you’re starting to see the traditional industrial of automation, of medical, of building automation, starting to show strength again. I think they are due because they are so much below trend line. And we’ve seen also what I was, I would say encouraged by, is that it improved every month and we are now two months into the first quarter. And so far so good. Meaning we are seeing that signal continuing.”