TI sparkles on 300mm analogue

Revenue increased 13% from Q1 2016.

Analogue revenue grew 20% and Embedded Processing revenue grew 10% from Q1 2016.

“Gross margin of 63% reflected the quality of our product portfolio, as well as the efficiency of our manufacturing strategy, including the benefit of 300mm analogue production,” said TI CEO Rich Templeton, referring to “our opportunistic purchase of assets ahead of demand”.

In 2010, TI bought two fabs in Japan from Spansion and bought the equipment from a Qimonda memory fab. These purchases are still paying off by giving TI 300mm manufacturing for its analogue lines.

Free cash flow was $4.2 billion for the last 12 months. Cash balance is $3 billion.