Texas Instruments Stock Up 69% in Six Months: Should You Invest More? - The Globe and Mail

Texas Instruments has emerged as one of the strongest performers in the semiconductor industry, with its stock surging 69.1% over the past six months, significantly outpacing the broader semiconductor... Read original →

Texas Instruments’ 69% stock surge reflects more than AI hype—it stems from its analog and embedded chips enabling edge AI, industrial automation, and automotive systems. This demand shift is reordering wafer fab priorities upstream and forcing OEMs to prioritize reliability over raw compute downstream. While TI’s IDM model insulates it from some supply chain shocks, tighter U.S.-EU controls on mature-node equipment could inflate costs at its U.S. and Mexico fabs. Competitors like Infineon and Renesas are aggressively targeting power management and automotive MCUs, pressuring TI to accelerate 300mm analog ramp-up. Over the next 18 months, as AI migrates from cloud to edge, vendors with ultra-low-power, highly integrated analog front-ends will command pricing power. Sustaining >45% gross margins will be TI’s litmus test for justifying its premium valuation.