Texas Instruments 3Q07 Update
Texas Instruments led the Communications Chip Market in 3Q 2007 with revenues of $3.66 billion up sequentially by 7% q-o-q. Of these around 47% were the hardcore silicon sales revenues which amounted to $1.73 billion.
Segment wise, Broadband contributed the maximum of revenues with around 35% coming from it. Cellular contributed 28% of revenues. Generic Networking chips fetched in around 19% while 802.11x technologies share of revenues was around 10%. VoIP contributed near 8%.
For the quarter the overall estimated shipments for the company were around 131.1 million which was 16% of the entire chips consumed by the communication market during the period.
Texas Instruments announced acquisition of RFIC makers Integrated Circuit Designs which will help it in developing solutions in communications as well as in other segments. ICD is a privately held firm. It also repurchased additional $5 Billion common stock and increased the quarterly cash dividend by 25%
During the period, TI announced launch/modifications in over 20 products for various segments including Communications. Some significant announcements in the Communications area were demonstration of Video over IP capabilities with Thomson. Thomson application is developed over TI’s DaVinci platform. It also announced that Spur, WiMAX OEM, deployed solutions based on TI Wave 2 software and DSP-based Development Tools. TI started working with Ericsson for developing custom solutions for new Open OS enabled 3G devices.
On the management side it appointed two new VPs, Ellen Barker as VP and controller of High Performance Analog and Remi El-Ouazzane as VP and GM of Cellular Connectivity System Solutions.
